Construction Loans in Burlington, VT
Find lenders offering construction loans in the Burlington, including South Burlington, Essex, Winooski, and surrounding areas. Compare rates, terms, and programs from 13 lenders.
Construction Lenders Serving Burlington
13 lenders offering construction loans in the Burlington, VT 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.
Burlington Commercial Real Estate Market
Burlington is Vermont's largest city and its primary commercial hub, with a compact downtown centered on Church Street Marketplace and a waterfront district along Lake Champlain that supports tourism, hospitality, and mixed-use development. The South Burlington-Williston corridor along Shelburne Road and I-89 serves as the metro's suburban retail and office spine, anchored by the University Mall and corporate campuses for employers like Dealer.com (now Cox Automotive) and GlobalFoundries' semiconductor fabrication facility in nearby Essex Junction. The University of Vermont and UVM Medical Center together form the region's largest employer and drive steady demand for medical office, student housing, and research-related space. Limited developable land and Vermont's Act 250 environmental review process constrain new supply, keeping vacancy rates relatively low across asset classes.
Key Economic Drivers
- ●University of Vermont and UVM Medical Center as the metro's largest employer
- ●GlobalFoundries semiconductor fabrication plant in Essex Junction
- ●Church Street Marketplace and Lake Champlain waterfront tourism economy
- ●Vermont's growing craft food and beverage industry including Ben & Jerry's and Lake Champlain Chocolates
Market Insight
Vermont's Act 250 land use law subjects most commercial developments to rigorous environmental review, which constrains new supply and tends to support higher occupancy and rental rates for existing commercial properties in the Burlington metro.
Construction Loans in Burlington, Vermont
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 Burlington metro area, borrowers can access 13 lenders offering Construction financing, including South Burlington, Essex, Winooski, 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
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