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Construction Loan

When you're building a commericial property, a MainSource construction loan covers you from the ground up. Subject to credit approval. 

 

Business Need   Construction to Permanent
Amount   $50,000 to $15,000,000
Rate   Variable, based upon Prime Rate
Collateral Requirements   Commercial Real Estate
Construction Repayment Terms   Interest only for 12 months
Permanent Repayment Terms   Principal and interest monthly
Construction Maturity   Up to 12 months
Permanent Maturity/Amortization   Up to 120 months maturity with a 240 month amortization

 

Call or stop by your nearest MainSource Branch to learn more.