Construction Loans

Take Out a Construction or Commercial Real Estate Loan Austin, MN Residents Can Count On

 

If you're in need of a loan to keep your construction project on schedule, we can help you. For a construction or commercial real estate loan Austin, MN residents trust, contact Sterling State Bank today. We'd be happy to detail our various loan options to you and help you find one that suits your needs. We also offer flexible financing and interest rates, meaning you'll be able to pay the loan back however you choose.

 

For more information about a construction or commercial real estate loan Shakopee, MN deserves, give us a call today. We look forward to working with you.

 

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.