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Commercial new development & new construction.

Source commercial new development and new construction from pre-vetted direct lenders. Ground-up multifamily, office, retail, industrial, hospitality. Horizontal (civil/site) and vertical construction. Mid-construction takeover, construction-to-perm (C2P), and PACE overlays for energy retrofits.

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Why source commercial new development here

Direct construction lenders, sponsor-ranked.

Sponsor-track-record matching

Direct construction lenders filter sponsors by deal experience. Speedy routes the right sponsor profile to the right lender — no wasted submissions.

Construction-to-perm in one deal

C2P structures from direct life-co and agency-adjacent lenders. One loan covers the build and the perm takeout. Less coordination overhead.

PACE overlay capability

Stack C-PACE on senior construction for energy and resilience retrofits. Long-amortization, tax-assessment, often non-recourse.

Mid-construction rescue specialists

When an original lender pulls funding or the project stalls, route to direct rescue lenders fast. Same-package re-submit, no rebuild.

Project types

Six commercial development scenarios.

Multifamily ground-up

5+ unit apartments, BTR communities. Construction-to-perm common. Direct lender pool deepest in this asset class.

Office / medical office

Class A spec, build-to-suit, medical office building. Generally higher equity requirement post-2024.

Industrial / logistics

Warehouse, flex, last-mile logistics. Strong direct lender appetite — fastest commercial sub-sector.

Retail / strip mall

Single-tenant, anchor, strip mall. Tenanted vs spec affects lender pool. Pre-leasing helps materially.

Hospitality (hotel)

Branded vs independent, full-service vs limited-service. Specialized hospitality construction lenders.

Horizontal (civil/site)

Land prep, utilities, infrastructure pre-vertical. Distinct lender pool. Often paired with vertical.

Side-by-side

Compare commercial construction products.

Product Best for Rate Max LTC Term
Multifamily C2P 5+ unit ground-up + perm 7–9% 70-75% C+P combined
Multifamily construction 5+ unit ground-up only 8.5–11% 70-80% 18–36 mo
Office construction Class A spec or BTS 9–11.5% 60-70% 24–36 mo
Industrial construction Warehouse, flex, logistics 8.5–10.5% 70% 18–30 mo
Hospitality construction Hotel, branded or indie 10–12% 60-65% 24–48 mo
Horizontal (civil) Land prep, utilities, roads 9–12% 65% 12–24 mo
Mid-construction takeover Stalled / distressed builds 11–14% varies 12–24 mo

FAQ

Commercial new development, answered.

What is the difference between horizontal and vertical commercial construction?
Horizontal construction (also called civil or site work) is land prep, grading, utilities, infrastructure, and roads — pre-vertical. Vertical construction is the actual building. Some direct lenders fund horizontal, vertical, or both. Speedy filters by lender capability.
Can mid-construction commercial projects be refinanced?
Yes. Mid-construction takeover loans for commercial are available — common when an original lender pulls funding, costs overrun, or the project stalls. Direct rescue lenders specialize in distressed mid-build commercial scenarios.
What loan structures combine construction + permanent?
Construction-to-perm (C2P) is the standard structure — single loan covers ground-up build plus the permanent takeout at stabilization. Common for multifamily and BTR. Some life co lenders offer integrated C2P at agency-adjacent rates.
Is C-PACE available on new commercial construction?
Yes. C-PACE can fund energy efficiency, solar, and resilience features in new commercial construction. Stacks alongside the senior construction loan. Long-amortization, tax-assessment based, often non-recourse.
What asset classes are covered for new commercial development?
5+ unit multifamily, office (Class A/B), retail (single-tenant, strip mall, anchor), industrial (warehouse, flex, last-mile logistics), hospitality (hotel, extended-stay), mixed-use, self-storage, and special-purpose. Each asset class has specialized direct lenders pre-vetted.

Related

Where new development connects.

Multifamily 5+ C-PACE Bridge Asset-based

Commercial new development, sourced direct.

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Updated 2026-05-10