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Indiana New Construction Loans

We empower entrepreneurs, real estate investors, and businesses of all sizes challenge the status quo. We take risks on the go-getters, and do’ers – who have an opportunity and need a partner.At Delancey Street, we invest in people and their ideas – not abstract concepts like credit scores, or other financial metrics. Tell us about your idea, let’s discuss your opportunity


High LTV

We fund hard money loans up to 80-90% LTV with no issues.



We promise to treat you like a partner


No $ Limit

No limits on what we can do for you.

Business Funding

Our client was a trucking company based out of NY, that needed quick funding. In 24 hours, we arranged $100,000 in funding.

100% Funded!

Residential Refinance

We funded a purchase in California, for $1.2 million with 65% LTV. We helped the developer with with a 11% loan with balloon payment.

100% Funded!

Lawsuit Funding

Client was injured in a car accident and needed a cash advance on the future value of his lawsuit. In 48 hours, our funders wired funds over.

100% Funded!


Hear from people we've helped

Delancey Street makes lending easy. They took a chance on me when no one else would.

Leo kovacz

Delancey Street funded our e-commerce shop and really gave us the chance to grow our business significantly.
Delancey Street makes lending easy. They took a chance on me when no one else would.

Kevin Johns


Industries We Service

Residential Real Estate
Commercial Real Estate

Our team is always available, and ready to help

Our team of industry experts is ready to help with all of your business needs. Whether you’re looking for a reliable hard money lender, looking to go public via a reverse merger, or need private capital for a venture – we can help.

Industry Experts

Our team consists of extremely qualified industry experts

Quick Service

We work diligently, and quickly, to help you

Indiana New Construction Loans

New construction loans for business in Indiana are called commercial construction loans. These loans are different from a commercial mortgage and you can apply to different types of lenders. Banks are the traditional lenders but there are also hard money loans through private lenders, Small Business Administration programs, and loans that help bridge the down payment gap. A commercial construction loan is for new construction or renovations, while a commercial mortgage is used for existing buildings. Many times, a business will use a construction loan and a mortgage after construction is finished.

A commercial construction loan is not paid in a lump sum like a mortgage, it is disbursed in increments according to a draw schedule. A borrower lets the lender know when a milestone in the project is met, the lender sends an inspector to check that the work is done, and the next disbursement is made.

Usually, a commercial construction loan is designed for borrowers to pay interest until the last disbursement is made. The borrower only pays interest on the amount that is already disbursed. Then, the borrower gets a mortgage to pay the sum of the construction loan. With some programs and loans in Indiana, this isn’t necessary.

Interest Rates

Interest rates are between 4% and 12% for commercial construction loans with a traditional lender. Other loans, like hard money loans, will have higher interest rates.


Construction loans for businesses have several fees attached. These fees depend on the lender and the loan.

  • Project review fees
  • Guarantee fees
  • Documentation fees
  • Fund Control fees
  • Processing fees

How Much is the Down Payment?

A down payment is needed for almost every type of commercial construction funding. The down payment is usually 10% to 30% depending on the lender’s requirements. Some loans specialize in bridging the gap between the amount a lender gives the borrower and the full amount needed for the construction project.

Is Your Business Eligible for a Commercial Construction Loan?

Not all businesses are eligible. Lenders spend a lot of time determining how high the risk is for lending you money. Lenders will check:

  • Personal credit score
  • Business credit score
  • Debt-to-income ratio
  • Debt service coverage ratio
  • Financial information for the business
  • Experience in the industry
  • Construction plans

Types of Funding for Commercial Construction

  • Small Business Administration (SBA) Programs

    Two programs with the SBA offer funding for business expansion via new construction.

    The SBA CDC/504 loan program requires a credit score in the high 600s. This program pays 40% through a development company and another lender pays 50%. The borrower pays the remaining amount.

    The SBA 7(a) Loan Program is used for the construction or purchase of commercial real estate. Terms for repayment are up to 25 years.

  • Bank Loans

    A traditional loan with lower interest rates than most other funding. Repayment is usually 25 years. The standard down payment is 10%.

  • Mezzanine Loans

    These loans can bridge the gap between what a lender gives a borrower and the total costs of the project. Some money for a down payment can come from this type of loan. Stock secures the loan. If the borrower defaults, the lender owns equity in the business.

  • Hard Money Loans in Indiana

    A hard money loan can help with construction expenses. They are short-term and are through private lenders.

Hard Money Loans

Need funding for your next project?

Complete Our Hard Money Loan Application
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