Ground-up development, substantial rehab, and condo conversion financing from $10M to $100M+. Non-recourse options available. Fast closings with experienced capital partners.
Banyan sources competitive construction financing across multiple property types, development stages, and borrower profiles.
Senior construction loans with non-recourse provisions for experienced sponsors. Limited guarantees with streamlined underwriting for strong projects and track records.
Financing for new construction projects from site acquisition through completion. Floating interest during construction, with perm takeout options or stabilized refinance.
Bridge and interim financing for condo conversion and horizontal property regime conversions. Interest-only advances tied to unit sales, with flexible holdback structures.
Construction financing for major rehab and repositioning projects. Value-add projects with renovation holdbacks, including adaptive reuse and repositioning strategies.
Single loan that rolls from construction to permanent financing at stabilization. Simplifies closing process and locks permanent terms upfront — ideal for developers.
Short-term construction financing for time-sensitive acquisitions and development launches. Fast funding with minimal conditions and experienced capital partners.
Recent construction closings that showcase Banyan's expertise across development types and capital structures.
Typical terms and structures available through Banyan's network of construction lenders.
| Loan Parameter | Typical Structure | Flexibility |
|---|---|---|
| Loan Amount | $10,000,000 – $100,000,000+ | All loan sizes negotiable; larger loans may receive institutional pricing |
| Loan-to-Cost (LTC) | Up to 80% | 60–80% typical; higher LTC available for strong sponsors and properties |
| Interest Rate Structure | Prime + 2.5% – 4.5% (floating) | Fixed-rate options available; rate locks negotiable at closing |
| Interest Accrual | Interest-only during construction | Accruing or non-accruing interest; holdback options available |
| Construction Draws | Monthly or milestone-based | Customizable draw schedule based on construction timeline |
| Construction Term | 24–36 months | Extendable; multi-year extensions available with lender consent |
| Permanent Takeout | Loan commitment optional | Bridge to stabilization; refinance or sale options at completion |
| Guarantees | Full recourse to sponsor | Non-recourse structures available for experienced borrowers |
| Prepayment | Generally open after construction | Most construction loans allow payoff at completion or stabilization without penalty |
Construction lending requires deep lender relationships, market expertise, and the ability to navigate complex project timelines. We've closed over $500M in construction loans across the Southeast and nationwide.
Commercial construction loans typically offer up to 80% loan-to-cost (LTC). This means the lender will finance up to 80% of your total project cost, requiring 20% in equity or developer contribution. LTC varies by property type, location, sponsor track record, and market conditions.
Yes—Banyan specializes in non-recourse construction loans for experienced sponsors and institutional developers. Non-recourse structures limit your personal liability and are secured solely by the property and project. They come at competitive rates and are ideal for developers who want to limit guarantees.
Construction loans typically close in 30-60 days. This timeline includes underwriting, property appraisal, legal documentation, and final lender approval. Experienced capital partners and our streamlined process can help accelerate closings for time-sensitive projects.
Construction financing is available for multifamily, mixed-use, retail, office, industrial, hospitality, land development, and horizontal development projects. Specialized programs exist for ground-up construction, condo conversions, substantial rehabilitation, and adaptive reuse projects.
Generally, construction loans allow prepayment without penalty once the construction period ends and the property reaches stabilization. If you refinance early into permanent financing or sell, the payoff is typically not subject to prepayment penalties—check specific loan documents for details.
It depends on the lender. Some construction lenders require a forward permanent loan commitment; others allow you to refinance or sell at stabilization without pre-commitment. Construct-to-perm single-close loans roll automatically into permanent financing. We'll advise on the best structure for your project timeline.
Whether you're acquiring land, starting construction, or refinancing mid-project — Banyan can source the right capital at competitive terms.