Prime Commercial Lending is a direct source for Commercial Development and Construction Loans. In a time when construction lending from traditional banks have virtually dried up, we recognize that there are still viable and good projects that need financing in today’s market. We don’t credit score on our applicants for this program. Our team makes all the decisions in house and we employ a multi angle underwriting approach to each transaction that allows our team to make a decision quickly without going to committees. There are no upfront fees or countless delays in obtaining financing. Our process is straight forward and simple. Below are the details and parameters to our innovative program.

Program Highlights:

  • Nationally. We can look at International projects on a case by case basis.
  • Loan Amount: $3,000,000 to $50,000,000
  • Funding time: 45 days or less. Yes, we can typically fund the project in this time frame.
  • Interest Rate: 5% to 9% Fixed (1% rates for Churches)
  • Amotorization: up to 25 years
  • Term: 5 years – Also can structure a construction to permanent loan with interest only during draw down periods.
  • Points: Up to 3% to be paid at closing
  • Fees: None
  • Non Recourse

Collateral: Hard assets such as real estate, land or equipment.

Depending on the project there are some cases where we will take an equity stake in the project.

Borrower Requirements:

  • The ability to have at least 10% liquid cash of the project size to put into your project. This is a must and non-negotiable
  • Must have the ability to demonstrate that you can perform on your project with a good business plan

Industries we are aggressively looking to finance:

Construction and Development, Hospitality, Office, Multifamily, Retail, Golf Courses, Oil and Gas Industry, Special Use Properties, Mining, Churches and many more.

Call one of our expert loan analysts for a consultation on your project.
Jon Cosentino- 866-708-4755

  • Please allow 24 hours for us to review you request and one of our senior analysts will contact you regarding your project.
  • Please note that our minimum loan amount for all transaction under this program is $3,000,000 except for Churches that start at $1,000,000.
  • Please note that we cannot not count equity that you might have put into your project already. You must have 10% liquid cash of your desired loan amount for this program.

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