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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.