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North Carolina 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

North Carolina New Construction Loans

A New Construction Loan in North Carolina
There comes a time when many business owners must choose how to expand their business. Are you renting an office space but want your own building? You may want to expand your current office space to meet the demands of your growing business. A commercial construction loan could help business owners achieve their expansion goals.

What is a Commercial Construction Loan?
A commercial construction loan is used by business owners to cover the financial costs that are associated with renovating or constructing a building. The funds of a commercial construction loan can be used to cover the cost of the land for the commercial building, pay for material that will be used to construct the building, or renovate existing properties.

Why Should You Take Out a Commercial Construction Loan?
While a commercial mortgage is used for business owners who want to purchase existing commercial properties, commercial construction loans are used for those who plan to construct a new building or renovate an existing commercial office space.

New commercial renovation and construction can be expensive and cost thousands to millions of dollars. There aren’t many growing businesses that have the funds to pay for new construction. A commercial loan is beneficial because it releases funds throughout the construction and/or renovation process. You can use the funds to pay for land development, labor, materials, and more.

Commercial construction loans in North Carolina are not like other loans. Typically, loan terms are made to give the borrower the full amount of funds in one sum. The borrower is then responsible for paying back the loan over a certain period of time. Most commercial mortgages have a monthly payment schedule that is at least 10 years or longer.

Those who are taking out a commercial construction loan will work with their lender to create a draw schedule. A set amount of funds will be released once a new milestone has been completed. The first draw may be when the foundation of a new building is poured, and the second draw could be released after the building has been framed. Most lenders will have an inspector confirm when a new milestone has been completed.

A commercial construction is also different from traditional loans because you are only responsible for paying interest on the funds that have been disbursed. For example, if you took out a new commercial construction loan for $500,000, but you have only received $200,000 of the total amount, then you would only pay interest on $200,000.

Many commercial construction loans are set up so that the business owner only pays on the interest until the full amount has been issued. At the end of the construction project, borrowers can pay off the principle. However, if a borrower doesn’t want to pay off the total in one lump sum, he or she can apply for a commercial mortgage. Commercial mortgages use the property as collateral. The borrower will use the commercial mortgage to pay for the balance of the commercial construction loan. With a commercial mortgage, the borrower can take advantage of a locked monthly payment that is more affordable than paying one large sum.

Tips on Applying for a New Commercial Construction Loan
If you are applying for a new commercial construction loan in North Carolina, you will probably need to show the lender a business plan that outlines each step of the construction project. It can also be helpful to have an estimate of the project cost, which includes the cost of materials, labor, and other expenses.

Hard Money Loans

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