Construction Loans in Greenville, SC
Find lenders offering construction loans in the Greenville, including Spartanburg, Greer, Simpsonville, and surrounding areas. Compare rates, terms, and programs from 13 lenders.
Construction Lenders Serving Greenville
13 lenders offering construction loans in the Greenville, 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.
Greenville Commercial Real Estate Market
Greenville has emerged as one of the top-performing CRE markets in the Southeast, driven by a revitalized downtown, a deep advanced manufacturing base, and strong in-migration from higher-cost metros. The Main Street corridor and Falls Park on the Reedy have become a national model for downtown redevelopment, attracting boutique hotels, Class A office tenants, and upscale retail. The I-85 corridor between Greenville and Spartanburg hosts one of the densest concentrations of automotive and tire manufacturing in the U.S., with BMW's Greer plant as the centerpiece. The Verdae Development area southeast of downtown is one of the largest mixed-use master-planned projects in the Upstate, blending office, retail, medical, and residential uses.
Key Economic Drivers
- ●BMW Manufacturing's Greer plant, the company's largest global production facility, and its automotive supplier network
- ●Prisma Health system, the largest private employer in the Upstate, with ongoing campus expansions
- ●Michelin North America headquarters and multiple tire and rubber manufacturing facilities in the corridor
- ●Clemson University's International Center for Automotive Research (CU-ICAR) on the I-85 corridor
Market Insight
Greenville's downtown has added over $1 billion in private investment since its Falls Park and Main Street revitalization, and the city's population growth rate has outpaced the national average by roughly 3x, sustaining strong absorption across all CRE property types.
Construction Loans in Greenville, 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 Greenville metro area, borrowers can access 13 lenders offering Construction financing, including Spartanburg, Greer, Simpsonville, 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 South Carolina Cities
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