Ground-up development and major commercial renovation projects require financing that moves with your build schedule — not against it. Willowbrook Capital arranges commercial construction loans in Connecticut for developers, investors, and owner-operators building or substantially renovating commercial and multifamily properties.
How Commercial Construction Loans Work
Unlike a term loan that funds all at once, a construction loan distributes funds in draws as project milestones are completed. A lender-approved inspector or title company verifies each draw request before funds are released. Once construction is complete, the loan is either paid off through a sale, refinanced into permanent financing, or converted to a mini-perm loan.
Connecticut Commercial Construction Loan Terms
| Feature | Details |
|---|---|
| Loan Size | $500K – $50M+ |
| LTC (Loan-to-Cost) | Up to 75%-85% of total project cost |
| LTV (as-completed) | Up to 65%-75% |
| Term | 12 – 36 months (interest only during construction) |
| Rate | Starting at 7.50%+ |
| Recourse | Full recourse typical; non-recourse for stronger sponsors |
Project Types We Finance
- Ground-up multifamily (apartments, condos)
- Mixed-use development (retail + residential)
- Commercial office and medical buildings
- Industrial and warehouse construction
- Gut rehabilitation of existing buildings
- Adaptive reuse projects
- Retail and hospitality development
What Lenders Look for in Connecticut Construction Loans
Construction lending is relationship-driven and sponsor-focused. Lenders evaluate your experience with similar projects, your general contractor’s track record, the strength of your pro forma, and your ability to absorb cost overruns. We help you prepare a complete, credible loan package that addresses each of these factors upfront.
Bridge-to-Perm Strategy
We plan your construction exit from day one — whether you intend to sell the completed asset, refinance into agency financing, or place a CMBS loan. Our goal is to make your construction-to-perm transition seamless and predictable.
Get a Construction Loan Quote in Connecticut
Call 860.944.4324 or email info@willowbrookcap.com to discuss your development financing needs. Read our full Connecticut Commercial Mortgage Guide