Construction Loans in Des Moines, IA
Find lenders offering construction loans in the Des Moines, including West Des Moines, Ankeny, Ames, and surrounding areas. Compare rates, terms, and programs from 13 lenders.
Construction Lenders Serving Des Moines
13 lenders offering construction loans in the Des Moines, IA 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.
Des Moines Commercial Real Estate Market
Des Moines is the insurance capital of the U.S., hosting the headquarters or major operations of Principal Financial Group, Nationwide, EMC Insurance, and over 80 other insurance and financial services companies, which anchor the metro's office market. The Western Gateway and East Village neighborhoods downtown have attracted adaptive reuse and new mixed-use development, while the Jordan Creek corridor in West Des Moines has emerged as the primary suburban office and retail hub. The metro has become a significant data center market, with Microsoft and Meta operating large campuses in Altoona and West Des Moines. Industrial demand centers on the U.S. 65 and I-80/I-35 interchange corridors, which offer central U.S. distribution positioning.
Key Economic Drivers
- ●Insurance and financial services headquarters cluster including Principal, Nationwide, and EMC
- ●Microsoft and Meta data center campuses in Altoona and West Des Moines
- ●Jordan Creek and Mills Civic Parkway suburban office and retail corridor
- ●I-80/I-35 interchange logistics and distribution operations
Market Insight
Iowa's High Quality Jobs Program offers significant tax incentives — including investment tax credits and sales tax refunds — for CRE projects that create jobs paying at least 120% of the county average wage, and Des Moines has been one of the most active metros for program utilization.
Construction Loans in Des Moines, Iowa
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 Des Moines metro area, borrowers can access 13 lenders offering Construction financing, including West Des Moines, Ankeny, Ames, 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 Iowa Cities
Find Construction Lenders in Des Moines
Get matched with lenders offering construction loans in the Des Moines, IA area. Free for borrowers.
Get Matched — Free →