Construction Loans

The perfect place for your business is the one you build yourself. Bring your blueprint to life with a flexible construction loan.

Key Features

  • Competitive Rates
  • Quick Decisions
  • Local Processing
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  • Competitive fixed or variable rates for your commercial construction project
  • Provides more convenience, especially toward the end of the construction phase and the beginning of permanent mortgage
  • Pay off interest quicker; payments are interest-only during construction phase
  • Flexible terms; up to 24 months
  • Payments are made on the amount drawn on your loan sufficient to pay your builder
  • Construction draws applied in stages based on work completed
  • Local decision-making and processing in southeastern Minnesota
  • Attentive, friendly service from start to finish
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Actual loan qualifying is subject to verification and approval of income, credit, property appraisal, and other factors.

Some restrictions and penalties may apply.