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Top 10 Construction loan Lenders - 2023
Construction financing stands as the bedrock upon which the grand visions of architects and developers are brought to life. It is the lifeline of urban evolution, transforming blueprints into the tangible reality we witness in our cities. However, this crucial aspect of the construction industry is undergoing a significant transformation, and it’s a change that promises innovation and flexibility like never before.
Traditionally, banks and financial institutions were the primary sources of funding for construction projects. Yet, in recent years, we have witnessed a seismic shift. A myriad of alternative financing options, such as private equity, crowdfunding, and public-private partnerships, have emerged, presenting developers with an array of choices to suit the specific needs of their projects.
The digital age has played a pivotal role in reshaping construction financing. Crowdfunding and peer-to-peer (P2P) lending platforms connect project owners with individual investors, providing rapid access to capital, albeit with varying terms and interest rates. Innovations like blockchain technology enhance transparency and security in transactions, while smart contracts streamline financial management and reduce disputes, making the financing process smoother and more efficient.
Sustainability is now a cornerstone of construction financing. Many financiers prioritize environmentally responsible building practices, encouraging green construction and renewable energy integration. This not only benefits the environment but also aligns projects with long-term cost reduction and increased property values, demonstrating a commitment to a sustainable future.
This edition of Construction Business Review offers valuable insights into these evolving trends in construction financing. We’ve gathered thought-provoking articles from industry experts, such as Don Orcherton, Director of OTC Credit & Collections at National Trench Safety, and Aaron McClellan, Construction Technology Manager at Granite Construction.
We have also delved into market trends, identifying companies that are pushing the boundaries of construction financing. Innovative firms like Stearns Bank and Rodeo Lending are at the forefront, equipped with cutting-edge technological capabilities that are transforming businesses and paving the way for a future driven by efficient technology.
We hope this edition of Construction Business Review helps you build the partnership you and your organization need to foster an environment driven by efficient technology.
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Usually, the qualified subscribers of our magazine nominate companies with whom they have collaborated and experienced exceptional results to be in this list. Did a company you recently worked with give you stellar results and ROI? Did it turn out to be one you would wholeheartedly recommend to peers? Or do you know of such an outstanding company through your network? Please fill in the details below and nominate them to be featured here.
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Top Construction loan Lenders
Rodeo Lending stands as a leading direct lending partner with expertise in tailoring business-purpose residential and commercial real estate bridge loans. Its unwavering commitment revolves around delivering innovative financing solutions, particularly designed for individuals and businesses navigating the real estate landscape beyond the confines of conventional lending norms. From conversions and rehabilitations to purchases, refinancing, and construction projects, our company is a reliable and trusted partner for diverse real estate transformations.
Working with us is a win-win. We maintain integrity to ensure one gets the money they deserve
—Rich Katz, Principal and Co-Founder
More than just a financial institution, Stearns Bank serves as a full-service partner for developers, contractors, and subcontractors by offering nationwide commercial loans and equipment leasing and financing services. It is driven by a mission revolving around its impassioned drive to aid borrowers in achieving their greatest ambitions.
Craig Kern, Associate Director of Equipment Finance Division, Brenda Muellner-McDermond, Construction Manager and Tom Hosier, Chief Lending OfficerWe live and fulfill the needs of our community. We figure out what works well, offer what's best for the customer, and, together as a team, get the project completed.
Stearns Bank
Management
Craig Kern, Associate Director of Equipment Finance Division, Brenda Muellner-McDermond, Construction Manager and Tom Hosier, Chief Lending Officer
BuildBuyRefi
BuildBuyRefi, which is powered by The Federal Savings Bank (an FDIC Insured Equal Housing Lender), operates the following marketing sites: NationwideHomeLoansGroup.com, VAnationwide. com for Veterans, USDAnationwide.com for USDA rural home loans, ManufacturedNationwide.com for all fixed foundation manufactured home loans, and OTCnationwide for one-time close construction loans that include land and home in one loan.
Construction Finance
Construction Finance offers over 30 years of expertise in acquiring accounts receivable as well as managing and controlling small to medium-sized construction firms. Construction Finance is the answer to getting paid now.
Corridor Funding
Corridor Funding offers real estate investors in Austin, Dallas, and San Antonio quick, low-cost fix-and-flip loans, rental property loans, and development loans. They can finalize loans in 72 hours with as little as ten percent down, financing properties that traditional banks and lenders generally do not underwrite.
Dunmor
Dunmor simplifies the funding process. Dunmor’s loan programs set a new standard in property finance for professional real estate investors & developers. They make property finance faster, simpler, and more efficient by leveraging cutting-edge technology.
Parkview Financial
Parkview Financial provides short-term bridging and construction loans backed by first trust deeds to developers across the United States as a direct private lender. Parkview’s good reputation as a private lender is based on its capacity to deliver quick, inventive financing options for borrowers who want additional leverage and execution assurance.
RBI Private Lending
RBI Private Lending serves as a direct private lender that specializes in real estate investor bridge, fix-and-flip, and ground-up construction loans. Its mission is to provide efficient and tailored real estate investing solutions.
Trimont
Trimont is an authentic partner for real estate lenders and investors looking for an unbiased eye and financial analysis to uncover opportunities, evaluate deals, and deliver complete front-office solutions throughout the capital stack.
Waterstone Mortgage
Since its start in 2000, Waterstone Mortgage Corporation has built a reputation as an excellent mortgage provider. Waterstone Mortgage Corporation is a leading residential mortgage provider that assists families and individuals in realizing their homeownership goals.
