Construction Loans – The financing you need to break ground and build your dream project. Our experienced loan officers are dedicated to providing you with competitive rates, flexible financing options, and helpful guidance through every step of the loan process.

Peoples Bank & Trust offers a wide variety of construction loan services to fit the needs of individuals and businesses. With decades of experience in home and commercial building financing, we provide personalized service and expertise for each customer. Our experienced professionals understand that no two projects are alike, so we take the time to explore all available options to ensure tailored solutions for your unique project. Whether you’re looking to build a new home, renovate an existing property, or launch a commercial building project, we are here to help you achieve your goals.

Construction loans are specialized loans used for funding residential or commercial projects. These types of loans are typically funded in stages throughout the course of the project, as different milestones are reached and funds are needed. The duration and structure of these loans vary based on the specific project requirements and lender guidelines.

One-Time Close Construction-To-Permanent Loan – This all-in-one type of loan helps make it easier for you to plan for your new home without having to worry about financing during the construction period or refinancing after completion.

These loans cover both the costs associated with building a new house and providing long-term financing once it’s complete. We also offer single-close construction loans, which may be more appropriate for smaller projects, such as adding on a room or remodeling an existing property.

Overdraft Line – With this type of loan, you can draw on funds when they are needed and repay them at your convenience – keeping costs down while maintaining full control over cash flow through what is often an unpredictable process.

Development Financing – This solution allows us to provide upfront capital for land acquisition and pre-development costs for larger projects, such as shopping centers or multi-family housing developments.

At Peoples Bank & Trust, we understand that every customer has different needs for financing their construction project – whether large or small. So no matter what size job you have in mind, our experienced team will work diligently with you from start to finish exploring all available options so that together we can find the best solution for your unique situation. Contact us today if you have questions about our construction loan services – we look forward to helping make your next dream project become a reality!

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