Construction Loans in Allentown, PA
Find lenders offering construction loans in the Allentown, including Bethlehem, Easton, and surrounding areas. Compare rates, terms, and programs from 14 lenders.
Construction Lenders Serving Allentown
14 lenders offering construction loans in the Allentown, PA area.
PNC Real Estate
LocalPittsburgh, PA
Top-10 US bank with dedicated commercial real estate lending. Construction, bridge, and permanent financing for major property types.
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.
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.
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.
Allentown Commercial Real Estate Market
The Lehigh Valley market centered on Allentown, Bethlehem, and Easton has become one of the hottest industrial and warehouse markets in the Northeast, driven by its proximity to New York City and access to I-78 and I-476. The creation of the Neighborhood Improvement Zone (NIZ) in downtown Allentown redirected tax revenues to fund nearly $1 billion in new development, including the PPL Center arena and surrounding office towers. Bethlehem's SteelStacks arts campus and the redeveloped Bethlehem Steel site have attracted mixed-use and hospitality investment. The region's warehouse and distribution pipeline has been among the largest in Pennsylvania, with Amazon, FedEx, and third-party logistics providers leasing millions of square feet along the Route 22 and I-78 corridors.
Key Economic Drivers
- ●Lehigh Valley's I-78 and I-476 logistics corridor serving as a distribution hub for the New York metro area
- ●Allentown's Neighborhood Improvement Zone (NIZ) tax incentive driving downtown office and mixed-use development
- ●Lehigh Valley Health Network and St. Luke's University Health Network expanding medical campuses
- ●Amazon, FedEx, and major 3PL fulfillment center concentration along Route 22
Market Insight
The Allentown Neighborhood Improvement Zone allows businesses within its 128-acre boundary to redirect virtually all state and local taxes generated within the zone toward financing their building projects, making it one of the most aggressive CRE incentive programs in the country.
Construction Loans in Allentown, Pennsylvania
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 Allentown metro area, borrowers can access 14 lenders offering Construction financing, including Bethlehem, Easton, 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 Pennsylvania Cities
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