Project assessment
We review site control, plans, budget, approvals, sponsor equity, timeline and exit strategy.
Commercial construction financing · Nationwide
Commercial construction loans. Capital for building, completion and repositioning.
MDN Capital Consulting structures commercial construction financing for qualified ground-up development, completion and major renovation projects, with an emphasis on clear sources and uses, credible budgets, experienced sponsorship and a defined exit strategy.
Financing overview
Construction financing starts with a financeable business plan.
Construction lending requires more than a property value. Lenders evaluate land basis, plans and approvals, budget integrity, sponsor equity, contractor experience, contingency, draw mechanics, market support and the source of repayment after completion.
MDN Capital helps sponsors present those moving parts as a coherent financing request. Depending on the project, the capital stack may involve senior construction debt, bridge financing, private credit, mezzanine capital, preferred equity or joint venture equity.
For broader program parameters, review our commercial loan criteria, or submit a deal for transaction-specific feedback.
Transaction considerations
What lenders typically evaluate.
Every transaction is underwritten individually. The factors below help frame how a request may be structured and positioned.
Project stageGround-up, completion or substantial renovation
Financing strategy depends on whether the project is pre-construction, partially complete or approaching stabilization.
Budget & sourcesDetailed cost schedule and clearly identified equity
Lenders typically require support for land basis, hard costs, soft costs, contingency and sponsor contributions.
EntitlementsProject-specific approvals and permitting status
A clear entitlement and permitting path materially affects execution and lender appetite.
SponsorExperience, liquidity and completion capacity
Relevant development and construction track record can be important to underwriting.
ExitSale, lease-up and permanent refinance, or other defined takeout
The construction loan must connect to a credible repayment strategy.
CollateralCommercial and investment real estate
Property type, location and construction risk are evaluated on a case-by-case basis.
Illustrative criteria only. Financing availability, leverage, pricing, reserves, recourse, third-party reports and closing requirements are subject to lender underwriting and approval.
Property & transaction coverage
Financing across qualified commercial real estate.
MDN Capital evaluates opportunities across multiple property types and business plans, with the financing strategy tailored to the collateral, sponsor and exit.
View Past Closings✓Multifamily development
✓Mixed-use projects
✓Industrial development
✓Hospitality projects
✓Retail & commercial
✓Healthcare facilities
✓Residential lot development
✓Special-use projects
Our process
From initial review to financing execution.
A clear underwriting package and disciplined process help lenders evaluate the opportunity efficiently.
Capital stack design
We evaluate the appropriate combination of senior debt and, where needed, structured or equity capital.
Underwriting package
We organize the key construction, market and sponsor information lenders need to evaluate the request.
Execution & closing
We coordinate financing discussions and diligence as the project advances toward a fundable closing.
Why MDN Capital
Experienced guidance for complex capital needs.
Budget discipline
Construction financing depends on reconciling the budget, equity, remaining costs and contingency with the requested capital.
Completion focus
For partially completed projects, we focus on the cost-to-complete, current collateral position and practical path to completion.
Flexible capital sources
We can evaluate private and institutional structures when a project does not fit conventional construction lending parameters.
Frequently asked questions
Questions borrowers commonly ask.
Answers are general in nature. Transaction-specific terms depend on lender underwriting and the facts of the request.
What types of commercial construction projects can be considered?
MDN Capital evaluates qualified ground-up development, construction completion and substantial renovation projects across a range of commercial real estate asset classes.
What information is needed for a construction loan review?
Typical materials include a project summary, sources and uses, detailed construction budget, plans, approvals, schedule, contractor information, sponsor financial information, capital invested to date and the proposed exit strategy.
Can you finance a partially completed project?
Potentially. Completion financing is evaluated around the current project status, remaining cost to complete, existing debt, lien position, collateral value, sponsor capacity and realistic exit strategy.
Does the sponsor need equity in the project?
Construction lenders generally expect meaningful sponsor equity or other support, but the required amount and form depend on the transaction and capital source.
Can construction financing include interest reserves?
Interest reserves may be incorporated when supported by the structure and lender underwriting. The amount and mechanics vary by project and capital source.
Related financing
Explore complementary capital solutions.
Different stages of a transaction may call for different financing structures. These related resources can help frame the next step.
Land & Development Loans
Financing for entitled land, horizontal development and land-related business plans.
Commercial Bridge Loans
Bridge capital for time-sensitive acquisition, completion or transition situations.
Submit a Deal
Send the project summary, budget and supporting materials for review.
Have a financing opportunity?
Let’s discuss your next project.
Send us a concise deal summary and supporting materials. We’ll review the opportunity and help identify the next step.