About New Omni Bank
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Alert: New Omni Bank will be closed on Thursday, November 28, 2024, in observance of Thanksgiving Day.
Construction Loan
Construction Loan
Realize your construction dreams with New Omni Bank.
Our construction loans are designed to support your project from the ground up, whether it involves new developments or major renovations.1
Financing for Various Property Types
- Residential Developments: From single-family homes to condos and apartments.
- Commercial Ventures: Including office buildings, industrial sites, and retail spaces.
- Planned Unit Developments: Customized solutions for expansive community projects.
Loan Structure
Our loans feature flexible terms of 12 to 18 months, with extension options available up to 24 months, ensuring alignment with your project’s timeline and needs.
What is a Construction Loan?
Construction lending is a type of financing specifically designed for funding the construction of buildings and other real estate projects.
These loans cover the cost of land development and construction materials, and are typically short-term, spanning the duration of the project.
Construction loans often require a detailed plan, timeline, and budget, and funds are disbursed in stages as the project progresses.
Recent Deals
Multi-Family
$2,915,000
Construction Loan
Los Angeles, CA
Multi-Family
$15,400,000
Construction Loan
Los Angeles, CA
- Credit products are subject to credit approval and program guidelines. Some restrictions and fees may apply.
Related Services
Business Deposit Accounts
Discover our customized deposit strategies that align with your business goals to maximize fund impact.
Commercial Real Estate Loan
Grow your business with our commercial real estate loans, featuring competitive rates and personalized solutions.
Treasury Management
Streamline business operations, optimize cash flow, and boost efficiency with effective treasury management.
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