The perfect place for your business is the one you build yourself. Bring your blueprint to life with a flexible construction loan.
- Competitive Rates
- Quick Decisions
- Local Processing
- 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
Actual loan qualifying is subject to verification and approval of income, credit, property appraisal, and other factors.
Some restrictions and penalties may apply.