1st Constitution Bank offers a variety of flexible loan options for the construction of your dreams.
Personal Construction Loans
Whether you are building a new home or planning major renovations to your existing home, 1st Constitution Bank can provide construction financing. You can borrow a percentage of the construction costs, including a portion of the acquisition of the land on which to construct your new home. Construction loans are structured as draw-down lines of credit with advances made based upon completed work in place. Monthly payments will be interest only during the course of construction. Pre-approval for permanent financing is required prior to the start of construction and may be available from 1st Constitution Bank.
Business Construction Loans
Whether you are breaking ground for the 1st time, adding a new location, or remodeling your existing business location, 1st Constitution Bank has the construction loan financing to support your project. Our experienced lenders understand construction and specialize in owner-occupied buildings and facility expansions.
Commercial Development Loans
1st Constitution Bank offers competitively priced loans to finance the construction of income-producing properties such as office buildings, shopping centers, warehouses, showroom space, apartment buildings or condominium buildings.
Residential Construction Loans
1st Constitution Bank offers construction loans to build speculative (spec) or pre-sold 1-4 family homes. The loans are competitively priced and serviced by a local relationship officer.