Construction Loans in Dayton, OH
Find lenders offering construction loans in the Dayton, including Kettering, Beavercreek, Springfield, and surrounding areas. Compare rates, terms, and programs from 14 lenders.
Construction Lenders Serving Dayton
14 lenders offering construction loans in the Dayton, OH area.
KeyBank Real Estate Capital
LocalCleveland, OH
Major bank CRE lender. Balance sheet, agency, and CMBS lending for multifamily, office, retail, and industrial properties.
ConnectOne Bank
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.
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.
Dayton Commercial Real Estate Market
Dayton's CRE market is heavily influenced by Wright-Patterson Air Force Base, the largest single-site employer in Ohio with over 30,000 military and civilian personnel, which anchors a defense and aerospace technology ecosystem in the surrounding Fairborn and Beavercreek submarkets. The base's Air Force Research Laboratory generates demand for secure office space, R&D facilities, and defense contractor offices, particularly along the Colonel Glenn Highway corridor near Wright State University. Downtown Dayton has experienced modest revitalization around the Dayton Arcade redevelopment and the Water Street District along the Great Miami River, though office vacancy in the CBD remains above the state average. The I-70/I-75 interchange area remains a significant logistics and distribution node, benefiting from Dayton's central Ohio location and access to over 60% of the U.S. population within a day's drive.
Key Economic Drivers
- ●Wright-Patterson Air Force Base and Air Force Research Laboratory driving defense contractor and R&D space demand
- ●Premier Health and Kettering Health Network medical systems generating healthcare CRE demand across the metro
- ●Wright State University research programs feeding the defense technology tenant pipeline
- ●I-70/I-75 interchange logistics positioning supporting industrial and distribution facility demand
Market Insight
Wright-Patterson Air Force Base contributes an estimated $4.9 billion annually to the Dayton regional economy, and the base's ongoing modernization programs ensure sustained demand for off-base contractor office space and secure facilities in the Fairborn-Beavercreek corridor.
Construction Loans in Dayton, Ohio
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 Dayton metro area, borrowers can access 14 lenders offering Construction financing, including Kettering, Beavercreek, Springfield, 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 Ohio Cities
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