Construction Loans

Overview

If you can’t find the right space to match your business, a Primis construction loan can help you make one. We offer commercial real estate construction loans to build retail stores, office buildings, manufacturing facilities, multi-family residences, storage facilities, and much more. Find out how this low-cost option can help you build a space unique to your business.

More Details

Borrow funds up to a predetermined amount to acquire land and to construct owner-occupied buildings or investment property

Provide interest-only payments on the outstanding balance

Convert to a permanent term loan when construction is complete

Fit the individual needs of your business or investor with specific and tailored terms and conditions

Receive competitive rates and terms according to loan size and loan-to-value ratio
Guidance on lines of credit to provide residential builders with funds to construct new housing
Get local, detailed and attentive decision-making and processing from start to finish

Beneficial Ownership Requirements

All Primis business account holders will be required, due to regulatory reasons, to provide us with certain information on its Beneficial Owners.

This information must be provided on Primis’ Beneficial Owner Form before a new account can be opened, or any changes can be made to an existing account.

All loans are subject to approval.