Construction Loans in Atlantic City, NJ
Find lenders offering construction loans in the Atlantic City, including Egg Harbor, Pleasantville, Ventnor City, and surrounding areas. Compare rates, terms, and programs from 14 lenders.
Which Construction lenders serve Atlantic City?
14 lenders offering construction loans in the Atlantic City, NJ area.
ConnectOne Bank
Local SBAENGLEWOOD CLIFFS, NJ
New Jersey-based commercial bank offering SBA 7(a) loans, commercial real estate, construction lending, and business banking. Serves entrepreneurs and businesses in the New York-New Jersey metro 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.
What does the Atlantic City commercial real estate market look like?
Atlantic City's CRE market revolves around the gaming and hospitality industry, though the city has worked to diversify following the closure of five casinos between 2014 and 2016 that significantly impacted property values and employment. The Boardwalk corridor and Marina District remain the focal points for hospitality and entertainment-related real estate, with Hard Rock Hotel & Casino and Ocean Casino Resort representing successful reopenings of previously closed properties. The Atlantic City Gateway project near the train station aims to create a non-gaming mixed-use anchor, while the city's designation as a state-controlled municipality under the PILOT (Payment in Lieu of Taxes) program has reshaped commercial property tax structures. The surrounding communities of Egg Harbor Township and Pleasantville capture retail and service demand from casino workers and regional residents.
Key Economic Drivers
- ●Remaining casino-resort operators including Hard Rock, Borgata, and Ocean Casino sustaining hospitality employment
- ●FAA William J. Hughes Technical Center in Egg Harbor Township as the area's largest non-gaming employer
- ●Stockton University's Atlantic City campus bringing academic investment to the city's Chelsea neighborhood
- ●New Jersey's online gaming and sports betting revenue generating operational demand for data and tech infrastructure
Market Insight
Atlantic City's PILOT program allows qualifying commercial properties to make fixed payments in lieu of traditional property taxes based on a percentage of gross revenue, providing more predictable operating costs for investors in a market with volatile assessed values.
How do construction loans work in Atlantic City, New Jersey?
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 Atlantic City metro area, borrowers can access 14 lenders offering Construction financing, including Egg Harbor, Pleasantville, Ventnor City, 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
What are the 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 Atlantic City FAQ
How many Construction lenders serve Atlantic City, NJ? ▼
What are Construction loan rates in Atlantic City? ▼
How do construction loan draws work? ▼
What is a construction-to-permanent loan? ▼
Where else can I find construction loans in New Jersey?
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