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Construction Financing

Have you been thinking about purchasing commercial real estate to renovate or develop a property for commercial use? It’s not a secret that investing in commercial real estate offers a range of benefits and that renovating existing properties or developing new ones can significantly improve your financial portfolio.


If you need construction financing in Coronado, La Jolla, San Diego, and the surrounding areas, you don’t need to look any further than CalPrivate Bank.


At CalPrivate Bank, we offer construction loans that are non-revolving lines of credit secured by real estate. Your money will be advanced through a fund control process, which disburses funds as you need them. During renovations or new construction, it’s not uncommon to incur expenses at irregular intervals, so we’ve found that this method works best to get you the funds you need when you need them.


During the term of your construction loan in Coronado, or the surrounding areas, you will only pay monthly interest on the outstanding balance, saving money over the life of the loan. The amount required for these interest payments may be included in an interest reserve account and added to the total costs.


Since our non-revolving credit line construction financing is tied to the collateral in your commercial property, you will typically pay lower interest rates when compared to other forms of financing.


When you take out a construction loan in San Diego to renovate commercial real estate, you will be able to make improvements that will increase the income potential of the property. It will also enable you to create a vision for what you want out of your property, and then see it through to its conclusion, adding your own special touches that make it uniquely your own.


Purchasing a commercial property for renovation or development provides a host of benefits for the investor, including:


  • Much higher income potential
  • Consistent monthly cash flow
  • Tax benefits
  • Owning an appreciating asset
  • Less competition


Construction financing in La Jolla and the surrounding areas can apply to a range of different commercial properties. These include:


  • Office buildings
  • Retail spaces
  • Industrial areas
  • Multifamily apartments or condos
  • Single-family residential subdivisions
  • Raw land for future development


Getting a construction loan in San Diego means that you can realize your dreams of creating a commercial space to your specifications. With CalPrivate Bank, you’ll receive a Distinctly Different banking experience from the status quo, with creative solutions to help you meet your needs and exceptional customer service that goes a step beyond.


At CalPrivate Bank, we strive to build lasting relationships with our Clients, and we believe in creating trust, with a service-first mentality. Our goal is to help you get the construction financing you need to help best meet your goals. If you’d like to learn more or speak to one of our experts about construction loans in La Jolla and the nearby Southern California locations, get in touch with us today, to get started.