Real Estate Construction Loan - Builders & Individuals
Morrill & Janes Bank offers a commercial construction loan product to established builders in the metro area. Similar to commercial real estate construction loans, advances are made through specific draw requests for completed work. Real Estate Construction-Builder loans typically mature in less than a year and require monthly interest only payments.
We also offer a personal construction loan product for our established customers. The short-term obligation is used for the funding of construction costs and typically matures in one year or less. Interest only payments are required monthly and the balance is expected to be repaid at maturity.
To learn more, contact our RE/Construction Relationship Officer in the metropolitan Kansas City region.