Edmonds Beacon - Your Hometown News Source

By Drew Smith
Commercial Banking Officer at Peoples Bank 

Sponsored Feature | New Construction Projects Require Vision and Trusted Partnerships

 

Last updated 3/1/2022 at 6:25pm

Climbing rent prices, declining inventories, and low rates are creating an opportunity for business owners to consider the advantages of new construction. If your business has expansion plans and you're outgrowing your current space, you have significant tenant improvements to make on your existing building, or you want a better location for your business, a lender can explain the ins and outs of new construction lending and help you achieve the long-term security associated with owning your own building.

When it comes to underwriting commercial loans, banks look at a multitude of factors,...



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