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Construction Loans

Traditional lenders often shy away from construction lending. With so many variables, it takes a broker who knows the market to match you with the right lender. Regardless of the scope of your business, our team is ready to help you secure the right loan with the right rates.

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Construction Loan

What is a Construction Loan?

The primary feature (and benefit) of construction funding over a lump-sum loan is that funds are disbursed based on project milestones. Once a set goal or milestone is completed and inspected, additional funding is released and the next phase of the project can proceed.

This is beneficial to borrowers, as construction projects have a track record of unpredictability. Fluctuations in materials costs, labor, weather, fire hazards and more, can all throw the building process off its initial timeline.

If you received the entire loan amount up front, you would be paying interest on the entirety even if construction had been halted. By making incremental disbursements, construction loans ensure that you have the funds when you need them, but don’t need to pay for the funds until you can make productive use of the money.

Traditional and Non-Traditional Lenders Available to you

Amount Of Capital Accessible Through Network

Quickest Time To Funding Commitment Through Motiva Capital

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If your software, vehicles, or machines have seen better days, shop our low interest-rate equipment loans. They’ll help you bring in new equipment so you can increase production without the high upfront costs. If your equipment needs frequent repairs or upgrades, consider an equipment lease. Use the equipment but leave the headaches of maintenance and replacements to someone else.

Leverage

Equipment can be more than a workhorse. When your business owns high-value machinery, vehicles, or computers, they can be leveraged to increase borrowing power. Secure financing for working capital and special projects by using the value of your equipment. A line of credit will let you borrow a percentage of your equipment’s value to use as you see fit. Hard money and bridge loans can bring in quick cash to fund materials, events, and labor.

Refinance

Do you have an old equipment loan with high-interest rates? Private lenders, credit unions, and the SBA all offer ways to refinance your equipment with a lower interest rate loan. Offload the old financing to free up working capital that goes back into your business. Refinancing can also help improve your business’s credit score. We can show you all of the options in one place and help you compare.

Construction Loans

F.A.Q.’s

When is a construction loan not a good fit?

Construction loans are structured and paid out on milestones and are best for projects that require multiple phases across many trades. For smaller projects handled under a general contractor, a lump sum financial instrument like a hard money loan may be a better option.

What are interest rates on Construction Loans?
The interest rates range anywhere from 4% up to 15% depending upon factors inclusive of the offered down payment, value of the real-estate, costs associated with construction, and credit history.
Who uses construction loans?
A diverse set of businesses opt for construction loans. It may include any business with the right credentials varying from large corporations to small- and medium-sized enterprises seeking or moving towards expansions.
Where can I find the best/most appropriate construction loans?
The amount of time and energy you invest in finding a suitable option has a high opportunity cost associated with it. This hassle can eventually result in frustration or an ill-advised decision. We help you to avoid just that. We go through the effort of picking out the most applicable and affordable options for you, saving you time, energy, and resources.
Why use a broker to find construction loans?
Businesses often avoid bearing additional burden and deploying resources for such matters. Time is of the essence and so are the limited resources. This is where brokers step in to complete the search on your behalf. We not only select the most suitable lenders for a mutually beneficial relationship, but also help to ensure the best possible financing model for your business.

Construction Loan

Advantages

Many construction loans are interest only until project conclusion.
The milestone funding method limits the risk and liability involved.
In case of a contingency or any dispute, payback will be limited to funded milestones.
Use of equity for long-term loans and low interest rates.

Motiva Capital

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Motiva Capital is your bridge to capital. Work directly with brokers who have been in your shoes. Let us show you what we can do for your business.

52 Tuscan Way Suite 202 Saint Augustine, Fl 32092

Office: +1(904) 404-8904
Fax: +1(786) 358-6083.

Support@MotivaCapital.com