Customize Your Space

with Construction Funding

Everyone knows location is key, but when that location is a high-cost real estate market, it’s not always wise to buy. When it makes more sense to build, we’ll put the financial tools in your hands.

You have a lot of choices when it comes to creating a customized space for your business. Maybe you need a little extra room or an entirely new location. Tackle a three-story office building or expand a lobby. The right financing can help you build from the ground up with confidence. Start by preparing a site using land acquisition and development loans. Construction and owner-occupied loans take care of the building itself. Term to perm loans begin as short-term financing and transition to a long-term loan. Find out which option is the perfect fit by contacting our brokerage today.

Meet Your Specifications

Start building

Construction Loans

Big or small, a construction loan makes any building project manageable. It covers every stage of construction from the foundation to the rooftop. If you already have a building but it’s not meeting your needs, use a construction loan to renovate and remodel. Update your plumbing, install new doors and windows, or create a cozy feel by dividing up a large space.

Most loans pay out funds in a lump sum that the borrower must manage for the entire project. Construction loans, however, rely on a set of milestones to trigger each funding stage. Your contractors, your lender, and yourself decide which milestones make sense to put in place before the project begins. Reach one milestone to get funding for the next.

While your construction is ongoing, you’ll only have to pay the interest on the loan. The principal doesn’t come due until your project is completed. If construction is delayed or abandoned, you only need to pay back the milestones that were funded.

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Own your workspace

Owner-Occupied Construction Loans

A construction loan can cover just about any type of building. If you plan to use that building to house all or part of your business, you may qualify for a subset of construction loans called owner-occupied construction loans. Owner-occupied construction loans require you to operate from a percentage of the building’s usable space. For Small Business Administration loans, you must occupy 51% of the space. Other lenders may have different requirements.

Planning to use the space for your own business is an encouraging sign to lenders. It usually means that you and your company are less likely to walk away from the project. It also means a higher likelihood of your loan being approved at the best rates. You’re more likely to keep maintenance up, keep the building longer, and stick around. Let us show you all of the available options and walk you through the application process.

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Build Your Ideal Office or Facility

Ready Land For Construction

Make something new

Land Acquisition & Development Loans

Before you can lay a foundation, you need the land to lay it on. Once you have the land, it needs preparation before it’s ready for your project. That’s where land acquisition and development loans come into play. These loans cover a range of related expenses, including building roads, horizontal improvements, excavation, and municipal fees.

When you apply, lenders will be very interested in your project’s GDV, or Gross Development Value when considering your loan. This figure is an indication of how much profit the developed land will generate. They also evaluate where the property is located and if you have a sound exit strategy. These factors and others weigh into your final loan to value ratio and down payment.

Let us help you navigate the loan process. Our experience and expertise will be your guide to the best rates and terms in the market. Launch your next development project with our financial team behind you.

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Build and own

Term to Perm

Term loans are a smart and easy way to get acquisition, development, and construction underway. They help your business get on track faster and make managing costs easier. Term loans are designed to give you access to funds quickly and end in a few months or years. Most land acquisition and development or construction loans are categorized as term loans.

Term loans are, however, short-term financial solutions. Sometimes, it’s a good plan to transition into a long-term product. That’s what term to perm loans do. The term portion can be used for the construction phase. When construction is over, that’s when the principal is due. Instead of making full payment then, you can convert to a long-term loan to cover that principal. The “perm” portion of the loan is typically 20 to 30 years. If you want to explore term to perm financing for your next business project, contact us today.

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Build and Hold With Clear Terms

To Qualify

With fast cash financing, you don’t need to wait around to get the money you need to keep your business running. The sooner you plan, the more prepared you’ll be to handle whatever comes your way.

Step 1:

Check your personal and business credit scores. It’s important to be aware of what lenders will see when they check your credit. You can typically get this information for free from one of the credit bureaus or your bank.

Step 2:

We will help you organize your business financial statements. If you don’t already have them all in one place, make sure you gather your business’s statements, balance sheets, tax records, and proof of time in business.

Step 3:

Contact our professional financing team. We’re here to listen, answer questions, help you choose options, and guide you through the financing process every step of the way from inquiry to successful financing.

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Alternatives:

If customized space isn’t what you’re looking for, try:

Hard Money Loans

A hard money loan lets you get cash quickly by leveraging the value of your business’s assets. Secure a loan on real estate, equipment, and other assets to boost your short-term finances. Use the funds for any business expenses you need to cover. Even if you have bad credit, you may qualify for a hard money loan because it’s secured.

Line of Credit

A line of credit lets you borrow as often as you need and pay down as you go. Once your credit limit has been set, you can take as much or as little from the account under that limit. Pay into the account to free up borrowing power for the future. Lines are a terrific tool to have in your arsenal in case of emergencies.

Phone

301-792-8809

Address

911 E 1st Ave, Unit 137, Broomfield, Colorado 80020, United States

Email

service@azanicapital.com