Construction Loans in San Diego, CA
Find lenders offering construction loans in the San Diego, including Chula Vista, Carlsbad, Oceanside, and surrounding areas. Compare rates, terms, and programs from 13 lenders.
Construction Lenders Serving San Diego
13 lenders offering construction loans in the San Diego, CA area.
CoreVest Finance
LocalIrvine, CA
Rental portfolio and bridge lender for residential real estate investors. Build-to-rent and portfolio financing specialist. Redwood Trust subsidiary.
Stbridge Capital
LocalLos Angeles, CA
Private money lender in California. Bridge, fix-and-flip, and ground-up construction loans. Fast closings for experienced investors.
Wells Fargo
LocalSan Francisco, CA
Top commercial real estate lender. CMBS, balance sheet, agency, and SBA lending across all property types.
Bank of America
Charlotte, NC
One of the largest US banks. Commercial real estate lending, construction financing, and SBA loans through nationwide branch network.
Broadmark Realty Capital
Seattle, WA
Private real estate lender offering bridge, construction, and land loans. Now part of Ready Capital. Loans from $500K to $25M+.
JPMorgan Chase
New York, NY
Major CMBS originator and commercial lender. Full range of CRE financing including conduit, agency, and balance sheet.
KeyBank Real Estate Capital
Cleveland, OH
Major bank CRE lender. Balance sheet, agency, and CMBS lending for multifamily, office, retail, and industrial properties.
Lima One Capital
Greenville, SC
Private lender for real estate investors. DSCR loans require 1.5+ ratio, min FICO 700. 5, 10, and 30-year options. Up to 75% LTV on purchases.
Merchants Capital
Indianapolis, IN
Bank-backed commercial lender active in 47 states. Over $6.8B in financing. Specializes in multifamily, affordable housing, and healthcare.
New Silver Lending
FL
Direct lender for real estate investors. DSCR loans with no minimum DSCR requirement. Also offers fix-and-flip, bridge, and construction loans.
PNC Real Estate
Pittsburgh, PA
Top-10 US bank with dedicated commercial real estate lending. Construction, bridge, and permanent financing for major property types.
US Bank
Minneapolis, MN
Fifth-largest US bank. CRE lending including construction, permanent, and SBA loans. Strong in multifamily and affordable housing.
Vaster
Miami, FL
Commercial bridge loan lender for CRE investors. Flexible short-term financing for acquisition, rehab, and construction.
San Diego Commercial Real Estate Market
San Diego's CRE market is distinguished by its concentration of life sciences and defense sector tenants, with the Torrey Pines/UTC corridor housing one of the nation's densest biotech clusters alongside major institutions like Scripps Research, Salk Institute, and UC San Diego. The Sorrento Valley and Kearny Mesa submarkets serve as the region's primary life sciences and tech office nodes, while the Otay Mesa border crossing area supports cross-border logistics and manufacturing operations with Tijuana. Downtown San Diego's East Village and Little Italy neighborhoods have densified with mixed-use and multifamily projects. The Carlsbad and Oceanside coastal submarkets attract lifestyle-oriented office tenants and have seen growing interest from defense technology firms.
Key Economic Drivers
- ●Biotech and life sciences corridor (Illumina, Dexcom, Neurocrine Biosciences) in Torrey Pines/UTC
- ●Naval Base San Diego, Marine Corps Air Station Miramar, and defense contractor presence
- ●UC San Diego research campus and Scripps Research/Salk Institute complex
- ●Cross-border manufacturing and logistics with Tijuana via Otay Mesa
Market Insight
San Diego's life sciences sector commands among the highest lab space rents in the country, and purpose-built lab and R&D facilities in the Torrey Pines corridor routinely achieve lease rates 40-60% above conventional office space in the same submarket.
Construction Loans in San Diego, California
Commercial construction loans fund new development or major rehabilitation projects. Funds are disbursed in stages as construction progresses. Most are short-term (12-36 months) and convert to permanent financing upon completion. In the San Diego metro area, borrowers can access 13 lenders offering Construction financing, including Chula Vista, Carlsbad, Oceanside, and surrounding areas. Loan amounts typically range from $500K to $100M with rates from 7% - 10%.
Who Should Consider Construction Loans?
- Ground-up development
- Major renovations
- Land + construction
- Build-to-suit projects
Key Requirements
- Detailed construction plans and budget
- Licensed general contractor
- Building permits
- Development experience (strongly preferred)
- 20-35% equity
Advantages
- ✓Interest only on drawn funds
- ✓Funds disbursed as needed
- ✓Can include land acquisition
- ✓Construction-to-permanent options available
Considerations
- •Requires detailed plans and budgets
- •Draw schedule inspections
- •Higher rates during construction
- •Completion risk on borrower
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