Construction Loans

From our very inception over 125 years ago, we have been the area’s go-to construction lender of choice. So much so that we’re known as “The Builder’s Bank,” a title we happily embrace.

Our sterling reputation has been built through being a responsive, reliable partner for companies and firms in the construction sector. One of the central reasons we are able to deliver on our reputation is that our Credit Committee meets at least twice a week and our Security Committee meets daily. This means our builders get their sites inspected and funds disbursed promptly. Additionally, we offer construction loan amounts up to 80% of acquisition cost and 100% of construction cost. And as a client of Needham Bank, you’ll have 24/7 access to your loan officer as well as concierge levels of banking services.

Put simply, we offer unprecedented convenience, accessibility, and flexibility to clients.

Construction Loan details:

  • Financing of new construction of homes, residential developments, and commercial developments
  • Financings of renovations of homes, condominiums, apartment buildings, and multi-family properties for resale or rental
  • Loan amounts up to 80% of acquisition cost and 100% of construction cost
  • Daily construction inspection funding and no inspection fees for most projects under $2 million
  • Builder-to-Buyer and First Time Homebuyer residential mortgage loan products available to end users
  • Consistent loan officer as single point of contact
  • Flexible terms and competitive rates

Connect with one of our Construction Lenders to start the conversation about how we can partner together to make your project a success.