Commercial Property Construction Loans in San Juan County Washington
From Friday Harbor to Orcas and Lopez Island, LoiNow funds commercial property construction loans that banks can’t close in time. Whether you’re developing multi-tenant retail, light industrial, medical office, mixed-use, or hospitality, our private, asset-based programs deliver the speed, flexibility, and certainty you need to break ground and finish on schedule.
Why Choose LoiNow for Commercial Construction Financing
Speed Over Bank Timelines
Close in 7–14 days with internal underwriting focused on project feasibility, collateral value, permits, and exit strategy—not your tax returns.
Draws Aligned to Your Schedule
Milestone-based inspection draws (foundation, framing, MEP rough-in, dry-in, CO) keep subs paid and timelines protected.
Programs Made for Builders & Developers
- Loan amounts $500K–$25M+
- Up to 75% Loan-to-Cost (LTC)
- Interest-only during construction (12–24 months)
- Extensions available; mini-perm take-out options case-by-case
- Limited or non-recourse considered based on project
How to Qualify?
Minimum Requirements
- Executable scope of work, line-item budget, and timeline
- Architectural plans; permits filed or in process
- Exit plan (refinance to DSCR/rental, or sale)
Common Issues We Help You Solve
- Permit sequencing & budget creep — align contingency and draw cadence.
- Supplier delays — structure draw milestones to preserve cash flow.
- Refi exit timing — DSCR/perm guidance for post-CO take-out.
Local Lending Experience in San Juan County
- Permitting & inspections: Familiar with processes via San Juan County and municipalities on San Juan, Orcas, and Lopez Islands.
- Climate & scheduling: Ferry logistics and PNW weather affect inspections and materials; we plan draws around realistic windows.
- Investor corridors: Downtown Friday Harbor and Orcas Island village areas show strong potential in retail/hospitality.
- Vendors & titles: Coordination with local title/escrow and inspection vendors to accelerate disbursements.
How the Process Works
Submit Deal Scenario
Send address/APN, plan set, budget, timeline, and permit status.
Same-Day Soft Terms Issued
Transparent loan amount, pricing, draw plan, and closing checklist.
Fast Closing
Close in days; draws released upon inspections so trades never stall.
Benefits over Traditional Banking
Approvals in days
Distressed property support
Closing in 5 - 7 days
Rehab financing included
No Income Docs Required
Loan Program Overview
Feature | Commercial Construction Loan |
Loan Size | $500,000 – $25,000,000+ |
Max LTC | Up to 75% (case-dependent) |
Interest Rate | 10.50% – 12.75% |
Term | 12–24 months, interest-only |
Closing Timeline | 7–14 days (title/insurance/permits permitting) |
Draws | Milestone inspection-based; rapid turn |
Collateral | Land + improvements (first lien) |
Recourse | Limited or non-recourse considered |
FAQs
Yes—single-close structures available when permits/entitlements are in place.
Typically 48–72 hours post-inspection and document receipt.
Helpful but not always required; depends on project, market, and leverage.