Construction Loans in Charleston, WV
Find lenders offering construction loans in the Charleston, including Huntington, South Charleston, and surrounding areas. Compare rates, terms, and programs from 13 lenders.
Construction Lenders Serving Charleston
13 lenders offering construction loans in the Charleston, WV 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.
Charleston Commercial Real Estate Market
Charleston serves as West Virginia's state capital and its largest commercial center, with government offices, legal services, and the chemical industry forming the backbone of CRE demand along the Kanawha Valley. The downtown corridor along Capitol Street and the Kanawha Boulevard riverfront hosts the state's primary Class A office inventory, occupied by state agencies, regional law firms, and energy companies. The Kanawha Valley chemical corridor, stretching from South Charleston to Institute, is home to facilities operated by Dow Chemical, Chemours, and other specialty chemical manufacturers that support industrial real estate demand. Charleston's market faces challenges from population loss and the decline of coal-related industries, but healthcare expansion by CAMC Health System and adaptive reuse projects in the downtown core have provided stabilizing investment.
Key Economic Drivers
- ●West Virginia state government offices and Capitol Complex as the largest employer cluster
- ●CAMC Health System and Thomas Health hospital campuses driving medical office demand
- ●Kanawha Valley chemical manufacturing corridor including Dow and Chemours facilities
- ●Natural gas industry operations related to the Marcellus and Utica shale formations
Market Insight
West Virginia offers some of the lowest commercial property tax rates east of the Mississippi, and the state's Business Investment and Jobs Expansion Tax Credit provides significant incentives for CRE projects that create new employment in the Charleston metro.
Construction Loans in Charleston, West Virginia
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 Charleston metro area, borrowers can access 13 lenders offering Construction financing, including Huntington, South Charleston, 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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