New Omni

New to the U.S.

Alert: In observance of Christmas, New Omni Bank will be closed at 2:00 PM on Tuesday, December 24 and remain closed on Wednesday, December 25, 2024.

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.

Ready to Build Your Vision?​​

Reach out today to discuss your construction financing needs. Our expert team is here to provide customized solutions to help you turn your construction plans into reality.

Recent Deals

Multi-Family

$2,915,000

Construction Loan

Los Angeles, CA

Multi-Family

$15,400,000

Construction Loan

Los Angeles, CA

  1. Credit products are subject to credit approval and program guidelines. Some restrictions and fees may apply.

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