Construction Loans in Lubbock, TX
Find lenders offering construction loans in the Lubbock, including Wolfforth, Shallowater, and surrounding areas. Compare rates, terms, and programs from 14 lenders.
Which Construction lenders serve Lubbock?
14 lenders offering construction loans in the Lubbock, TX area.
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.
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 Lubbock commercial real estate market look like?
Lubbock's CRE market is anchored by Texas Tech University, a 40,000-student institution whose campus, medical school, and research facilities generate consistent demand for student housing, medical office, retail, and hospitality properties. The South Loop 289 and Milwaukee Avenue corridors are the primary retail and commercial nodes, with steady national tenant expansion into what remains a relatively underserved metro for its population size. The cotton and agriculture industry remains a significant economic driver, with Lubbock serving as the commercial hub for the South Plains region's farming operations and supporting agribusiness-related warehouse and office demand. Medical CRE demand is driven by UMC Health System, Covenant Health, and the Texas Tech University Health Sciences Center campus.
Key Economic Drivers
- ●Texas Tech University and Texas Tech Health Sciences Center driving institutional and student-oriented CRE demand
- ●UMC Health System and Covenant Health regional hospital campuses
- ●South Plains cotton and agriculture industry supporting agribusiness and logistics facilities
- ●Wind energy sector growth across the South Plains generating construction-related commercial demand
Market Insight
Lubbock's market benefits from being the only sizable metro within a 300-mile radius, giving it a regional trade area of over 600,000 people and creating a captive consumer base that supports retail occupancy rates above the national average.
How do construction loans work in Lubbock, Texas?
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 Lubbock metro area, borrowers can access 14 lenders offering Construction financing, including Wolfforth, Shallowater, 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 Lubbock FAQ
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