Construction Loans in Boston, MA
Find lenders offering construction loans in the Boston, including Cambridge, Quincy, Somerville, and surrounding areas. Compare rates, terms, and programs from 13 lenders.
Construction Lenders Serving Boston
13 lenders offering construction loans in the Boston, MA 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.
Boston Commercial Real Estate Market
Boston is one of the nation's premier commercial real estate markets, commanding top-tier rents across office, lab, and multifamily asset classes. The Seaport District has transformed into a life sciences and innovation hub with over 7 million square feet of development since 2010, while Cambridge's Kendall Square remains the world's densest cluster of biotech lab space. The Financial District and Back Bay continue to serve as the core office market, though tenants increasingly seek LEED-certified, amenity-rich buildings. Suburban submarkets along Route 128 and I-495 offer lower-cost alternatives for office and industrial users, though urban demand has driven cap rate compression across the metro.
Key Economic Drivers
- ●Life sciences and biotech cluster anchored by Kendall Square, Harvard, and MIT research ecosystems
- ●Major health systems including Mass General Brigham, Beth Israel Lahey, and Boston Children's Hospital
- ●Financial services firms concentrated in the Financial District and Back Bay, including Fidelity and State Street
- ●Technology companies and venture capital activity in the Seaport Innovation District
Market Insight
Boston's lab and R&D space commands some of the highest rents in the country, with Kendall Square lab space regularly exceeding $100 per square foot NNN, driven by near-zero vacancy among purpose-built life sciences facilities.
Construction Loans in Boston, Massachusetts
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 Boston metro area, borrowers can access 13 lenders offering Construction financing, including Cambridge, Quincy, Somerville, 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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