Commercial Real Estate Loans No matter your commercial property need, Parkway Bank offers a real estate solution. Whether you’re looking for a building of your own, land for an investment property, or building from the ground up, we work very hard to secure financing for all fellow local businesses.
Nearly all building and development begins with the purchase of raw land. In the current environment, many lending sources will not make loans on raw, undeveloped land. barclay associates has sources who will enable you to buy raw land which you want to develop for residential sub-division or commercial or industrial use.
The construction development loans as well as land acquisition financing must be supported by a reliable source of repayment. In the case of a residential multi-family or apartment project this would include the unit presales or pre lease up. Many think it is easier to just buy the ground, get.
Land development loans: Finance improvements on undeveloped land prior to building. land for site improvements and the construction of residential housing.