Commercial Construction Loans
Financing Solutions for Local Homebuilders & Developers
Whether you're constructing a new property or renovating for resale or rental, Salem Five offers construction loans designed to support your vision. With competitive rates1 and flexible terms, we’ll work with you to create a financing plan that aligns with your business goals, so you can focus on building success.
We offer a variety of construction loan products to service:
- Suburban tract developments, with infrastructure and road funding
- Single-Family Teardowns and Rehabs
- Ground-up and Renovations for Townhouse, Garden-Style, Detached, and Condex-style Condos
- Urban Condo Conversions
- Ground-Up Multi-Family or Apartment Renovations
- Additional expertise in 40B developments, MBTA zoning, Merged Lots, Accessory Dwelling Units and Non-Profit/Affordable Housing
Salem Five Construction Loan Benefits
- Acquisition and construction funds are efficiently completed in a single closing to meet tight deadlines.
- Lenders and decisions makers support housing with industry expertise and local insight, in MA, NH and Southern ME.
- Insurance Agents provide builder’s risk, contractor liability, vacant dwelling, and general liability policies.
- Mortgage products include end loans and construction-to-permanent financing for your prospective buyer.
- Property inspections are completed by your lender directly, or our network of quick third-party inspectors. Advances are approved and processed by your lending team, not a back office.
Construction Loan Officer
Contact Mark today to have a conversation about your Construction Lending needs.
Construction Loans: FAQs
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Where will Salem Five finance projects?
Salem Five primarily lends in Massachusetts, New Hampshire, and Southern Maine. Our projects span a wide range of geographic regions, including:- Cape Cod
- South Shore
- Worcester County
- Greater Boston
- North Shore
- Seacoast NH
- Lakes Region, NH
- Southern NH
- Merrimack Valley
1 All offers of credit are subject to approval. Other mortgage options available. Other terms and conditions apply. Property insurance required. See tax advisor regarding deductibility of interest.