Construction Loans in Colorado Springs, CO
Find lenders offering construction loans in the Colorado Springs, including Fountain, Manitou Springs, and surrounding areas. Compare rates, terms, and programs from 13 lenders.
Construction Lenders Serving Colorado Springs
13 lenders offering construction loans in the Colorado Springs, CO area.
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+.
CoreVest Finance
Irvine, CA
Rental portfolio and bridge lender for residential real estate investors. Build-to-rent and portfolio financing specialist. Redwood Trust subsidiary.
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.
Stbridge Capital
Los Angeles, CA
Private money lender in California. Bridge, fix-and-flip, and ground-up construction loans. Fast closings for experienced investors.
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.
Wells Fargo
San Francisco, CA
Top commercial real estate lender. CMBS, balance sheet, agency, and SBA lending across all property types.
Colorado Springs Commercial Real Estate Market
Colorado Springs' CRE market is heavily influenced by the military, with five major installations including Fort Carson, Peterson Space Force Base, Schriever Space Force Base, and the U.S. Air Force Academy generating consistent demand for office, retail, and multifamily properties. The Interquest Parkway corridor in the north has become the metro's fastest-growing commercial area, with new Class A office, hotel, and retail development. Downtown Colorado Springs has experienced a revival anchored by the U.S. Olympic & Paralympic Training Center, the Weidner Field stadium, and the Pikes Peak Summit Visitor Center. The Powers Boulevard corridor on the east side serves as a secondary retail and commercial growth node driven by residential expansion.
Key Economic Drivers
- ●Fort Carson Army installation and Peterson and Schriever Space Force Bases
- ●U.S. Space Command headquarters and related defense contractor offices
- ●Centura Health Penrose-St. Francis and UCHealth Memorial Hospital campuses
- ●U.S. Olympic & Paralympic Training Center and associated sports tourism
Market Insight
The designation of Colorado Springs as the permanent home of U.S. Space Command has anchored long-term defense sector growth, with aerospace contractors expanding office footprints in the Interquest and Briargate submarkets to support space-related programs.
Construction Loans in Colorado Springs, Colorado
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 Colorado Springs metro area, borrowers can access 13 lenders offering Construction financing, including Fountain, Manitou Springs, 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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