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Construction Loans
United Commercial Bank has over 25 years of experience in construction financing. We tailor our loan programs to meet the changing needs of our clients throughout California by offering them attractive, innovative, and flexible programs. Our seasoned staff has the knowledge and experience to handle any of your construction lending requirements and to provide you with timely loan approvals.
We offer both revolving and non-revolving construction financing with loan amounts ranging from $2 million to $30 million. Most importantly, we use local underwriting and local inspectors to ensure that the speed and quality of our service are unparalleled in the construction financing industry.
We structure financing for:
- Subdivisions
- Condominiums
- Apartments
- Live/Work
- Commercial
- Retail
- Office
- Custom Single Family Homes - (Loans to Builders)
Loan Amounts
- $2 - $30 million for subdivisions, condominiums, apartments, live/work, commercial, retail or office properties
- $300,000 to $1 million for single home construction (Loans to Builders)
Loan Terms
- Up to 12 months, with extension options
Equity Requirements
- 10% - 20% of costs, depending on your project
Pricing
- Negotiated on a project basis
A Proven Commitment to the Real Estate Industry in California
You want a construction lender on whom you can depend and who is committed to you and to the industry through every economic cycle. UCB has been providing construction loans since its inception in 1974. We strive to build long-term relationships with our builder clients as proven by our track record.
Whether you need a multi-project loan, a revolving credit line, a contract or spec home construction loan, at United Commercial Bank you will find just the right kind of loan for your project. Call one of our construction offices today. Let us show you how easy it is to get your project started.
For more information, please contact us or call:
| Northern California | Southern California |
|
Ellen Chiu-Yee First Vice President 711 Van Ness Ave., 5th Floor San Francisco, CA 94102 (415) 929-6399 Sacramento Area Joel Beem First Vice President 7803 Madison Ave., Suite 650 Citrus Heights, CA 95610 (916) 962-2813 |
Vickie Eng First Vice President 199 S. Los Robles Ave., Suite 780 Pasadena, CA 91101 (626) 685-7245 |
| Massachusetts | |
| Raymond Tung Senior Vice President Director of New England Markets 68 Harrison Avenue Boston, MA 02111 (617) 338-0290 |
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For a complete description of our banking products and services including, information concerning rates, fees, balance computation methods, and compounding and crediting of interest, please contact us.