Construction Development Loans
Construction development loans provide a vital source of capital for business owners who will not see any income until their commercial property has been completed. The construction of any building--commercial or otherwise--can take many months if not a couple of years. With no immediate business income to use as collateral, borrowers depend on construction development loans in order to move ahead with their business plans. The lenders in the ibank.com network offer a few different types of construction development loans. For entrepreneurs who only need short-term financing, there is a type of loan known as a "bridge" or "interim" loan. The average bridge loan is for a three-year term and can be in the form of either capital or a line of credit. By joining ibank.com, you can apply for construction bridge loans and any other type of financing with one easy online application. Apply for Construction Development Loans Online
Long-term construction development loans are also available through the ibank.com network. Applying for more than one type of loan or insurance takes no more time than applying for one, thanks to the Digital Application Builder in ibank.com's FinanceSuite software. This technology allows borrowers to create a comprehensive loan package that is stored in a secure online VAULT. The information in your VAULT can be used to pre-populate hundreds of applications for construction development loans and other financing. Anytime you want to change the information in your VAULT to fit a specific lender's application process, all you need to do is log onto your account. To get started today, register online or call 877-999-6465.
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