Construction Loans

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Build on a strong foundation

Construction Loans tailored for retail locations, office complexes, medical facilities and more   

Competitive rates
Lower interest charges help keep projects under budget.
Build or renovate
Financing available for improving existing properties as well as new construction.
Industry expertise
Our experienced professional lenders can offer market insights as well as flexible loan terms.

Bring us your blueprints and we'll get the ball rolling

Commercial construction covers a wide range of ventures, from company headquarters and shopping centers to multi-family housing complexes and manufacturing plants. Whether you're a business owner, general contractor or investor, the Carter Bank commercial loan team will take the time to understand your needs and provide a loan package that gets the job done.

  • Designed for owner-occupied or income-producing properties   
  • Tailored solutions to meet the business customer needs
  • Construction loan with permanent take-out
  • Loans to not-for-profit organizations
  • Local decision-making 

FAQs

Carter Bank offers both fixed-rate and adjustable-rate conventional mortgages, giving you flexibility in monthly payments and long-term budgeting. Schedule an appointment with one of our Mortgage Loan Originators to learn more about rates.

You can speak directly with one of Carter Bank’s Mortgage Loan Originators, either by phone or by scheduling an appointment at a local Virginia or North Carolina branch. They’ll guide you through the application process and answer all your questions.
When work is completed by the builder, the predetermined allotment of funds will be requested. An inspector will go on site and confirm that the work is completed, a draw disbursement form will be signed/completed and funds will subsequently be released.
Once the build is complete and the final inspection/appraisal is done, your loan will automatically convert into a permanent, fully amortizing mortgage. At that point, you’ll begin making principal and interest payments based on your original loan terms.
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Checking to match your business

Choose from two options based on your volume of business.

Business Checking

All loans are subject to credit approval.

Carter Bank is a full-service financial institution with locations throughout Virginia and North Carolina.

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