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Construction Loans in Augusta, GA

Find lenders offering construction loans in the Augusta, including Evans, Martinez, North Augusta, and surrounding areas. Compare rates, terms, and programs from 13 lenders.

Lenders
13
Typical Rate
7% - 10%
Down Payment
20-35%
Term
12-36 months (construction period)
Closing Time
30-60 days

Construction Lenders Serving Augusta

13 lenders offering construction loans in the Augusta, GA 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.

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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+.

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CoreVest Finance

Irvine, CA

Rental portfolio and bridge lender for residential real estate investors. Build-to-rent and portfolio financing specialist. Redwood Trust subsidiary.

$200K – $50M
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JPMorgan Chase

New York, NY

Major CMBS originator and commercial lender. Full range of CRE financing including conduit, agency, and balance sheet.

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KeyBank Real Estate Capital

Cleveland, OH

Major bank CRE lender. Balance sheet, agency, and CMBS lending for multifamily, office, retail, and industrial properties.

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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.

$75K – $5M
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Merchants Capital

Indianapolis, IN

Bank-backed commercial lender active in 47 states. Over $6.8B in financing. Specializes in multifamily, affordable housing, and healthcare.

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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.

$100K – $5M
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PNC Real Estate

Pittsburgh, PA

Top-10 US bank with dedicated commercial real estate lending. Construction, bridge, and permanent financing for major property types.

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Stbridge Capital

Los Angeles, CA

Private money lender in California. Bridge, fix-and-flip, and ground-up construction loans. Fast closings for experienced investors.

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US Bank

Minneapolis, MN

Fifth-largest US bank. CRE lending including construction, permanent, and SBA loans. Strong in multifamily and affordable housing.

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Vaster

Miami, FL

Commercial bridge loan lender for CRE investors. Flexible short-term financing for acquisition, rehab, and construction.

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Wells Fargo

San Francisco, CA

Top commercial real estate lender. CMBS, balance sheet, agency, and SBA lending across all property types.

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Augusta Commercial Real Estate Market

Augusta's commercial real estate market is driven by three pillars: Fort Eisenhower (formerly Fort Gordon), which is the U.S. Army's Cyber Center of Excellence and employs over 30,000 military and civilian personnel; the Augusta University Health System, the region's largest employer; and the annual Masters Tournament at Augusta National Golf Club, which generates substantial hospitality and retail CRE demand. The Gordon Highway and Riverwatch Parkway corridors are the primary commercial arteries, while the Cyber District in downtown Augusta is attracting technology and defense contractor tenants seeking proximity to the fort. Suburban growth in Evans and Martinez in Columbia County has driven retail, medical office, and multifamily development. The market offers significantly lower entry costs than Atlanta, with cap rates typically 100-200 basis points higher.

Key Economic Drivers

  • Fort Eisenhower (Army Cyber Center of Excellence) and associated defense contractor demand
  • Augusta University Health System and medical campus expansion
  • Masters Tournament-driven hospitality and short-term rental investment
  • Columbia County suburban growth in Evans and Martinez

Market Insight

Fort Eisenhower's designation as the Army Cyber Command headquarters has attracted defense contractors including GDIT, Parsons, and Perspecta to the Augusta Cyber District, creating a specialized office submarket downtown that did not exist a decade ago.

Construction Loans in Augusta, Georgia

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 Augusta metro area, borrowers can access 13 lenders offering Construction financing, including Evans, Martinez, North Augusta, 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

Construction Loans in Other Georgia Cities

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