Construction Loans

To maximize your financing experience

We provide construction loans to high quality, reputable real estate developers and home builders for the purpose of constructing a variety of commercial and residential products.

 

For evaluation of your construction financing needs, please contact your Relationship Officer     

or e-mail our Construction Unit at constructdept@firstbankpr.com

These construction loans are available for:

  • Single-family housing projects

  • Multi-family and Elderly housing projects

  • Owner-occupied commercial real estate

  • Retail and industrial businesses commercial real estate

  • Warehouse projects

  • Hospitality

To apply, these general requirements need to be met:

  • Adequately supported by current appraisals

  • All required development permits have been obtained

  • Compliance with zoning requirements for planned development

  • Disbursements based on project progress and bank inspections

  • Strong source for satisfactory loan takeout/repayment based on Construction Loan type

  • No secondary financing

  • No loan granted for speculation purposes

  • Strong equity position

CONTACT US

¿Need more information?

 

Call us at: San Juan & Metro Area 787-729-8034

 

South Region 787-805-0150

  • Small Business Banking for credit facilities up to $1 million

  • Business Banking for credit facilities between $1 million and $10 million

  • Corporate Banking for credit facilities over $10 million

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Business Digital Solutions

Originate business loans and lines of credit through our digital platform here.

 

Subject to credit approval. Certain restrictions apply.

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