Property development takes time — and cash upfront. A development line of credit can be the most valuable tool in your belt. It covers construction costs as they come up. Repay the loan after you've sold the real estate, and only pay interest on the portion of credit used.
Talk to our local loan originators about our competitive rates.* Let's get that property showroom ready!
- Line of credit to pay for residential or commercial real estate development projects
- Funds available for development costs as they arise
- Funds are easily accessible, just contact your loan originator and request that money be transferred to your business checking account **
- Variable rate of interest
- Repaid upon the sale of the developed property
- Only pay interest on the amount used
- Secured by real estate under development
- Quick, local decision-making and processing
- Detailed, attentive service from start to finish
*Subject to approval.
**Property inspections may be required.