Construction Loans in Columbia, SC
Find lenders offering construction loans in the Columbia, including Lexington, Irmo, Cayce, and surrounding areas. Compare rates, terms, and programs from 13 lenders.
Which Construction lenders serve Columbia?
13 lenders offering construction loans in the Columbia, SC area.
Lima One Capital
LocalGreenville, 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.
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.
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 Columbia commercial real estate market look like?
Columbia's CRE market is defined by its role as South Carolina's state capital and home to the University of South Carolina, creating a stable government and institutional tenant base. Fort Jackson, the U.S. Army's largest initial entry training installation, adds significant defense-related economic activity and supports demand for hospitality, retail, and off-base housing in the surrounding corridors. The Bull Street District, a 181-acre redevelopment of the former state mental hospital campus, represents the city's largest urban infill project and is attracting mixed-use, retail, and multifamily investment including a minor league baseball stadium. The Northeast corridor along I-77 and Harbison Boulevard in the Irmo area are the metro's primary suburban retail and office nodes.
Key Economic Drivers
- ●South Carolina state government operations concentrated in the downtown Capitol complex
- ●University of South Carolina's 35,000-student campus and its research and medical institutions
- ●Fort Jackson, the U.S. Army's largest basic training installation, supporting adjacent commercial demand
- ●Bull Street District 181-acre mixed-use redevelopment of the former state hospital campus
Market Insight
The Bull Street District redevelopment is transforming 181 acres of a former state hospital campus into a mixed-use district with a minor league stadium, over 3,000 residential units, and significant commercial space, representing the largest urban infill project in the Midlands region.
How do construction loans work in Columbia, South Carolina?
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 Columbia metro area, borrowers can access 13 lenders offering Construction financing, including Lexington, Irmo, Cayce, 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 Columbia FAQ
How many Construction lenders serve Columbia, SC? ▼
What are Construction loan rates in Columbia? ▼
How do construction loan draws work? ▼
What is a construction-to-permanent loan? ▼
Where else can I find construction loans in South Carolina?
Find Construction Lenders in Columbia
Get matched with lenders offering construction loans in the Columbia, SC area. Free for borrowers.
Get Matched — Free →