Commercial Construction Loan
DESCRIPTION

Les Bois Commercial Construction Loans are serviced and held at the credit union with permanent financing options available.

GENERAL OPTIONS
  • Fixed rate financing
  • Construction to permanent financing available on a case-by-case basis
  • The maximum loan amount is up to 75% of the appraised value based on proposed construction per plans, specs and construction site, or total acquisition cost
  • Terms set to match estimated completion date
  • Lien waivers must accompany the request for construction advance
  • Monthly interest only payments are required during construction
  • Origination fee
  • Real estate must be located in Idaho
  • APPLY NOW

What if the construction time frame becomes extended?

Due to weather and unforeseen circumstances, we understand construction can be delayed, we are committed to work with you through to completion.

What if I can get a better rate elsewhere?

Some lenders require a down payment of 20% and do not consider the equity you already have in the property. Also, the construction loan can roll into permanent financing with minimal paperwork.