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Construction & Development Loans

Construction Loans

Construction loans are the specialty of Prime Alliance Bank. Whether your project is residential or commercial, we have a loan product that is right for you.

Prime Alliance Bank has a sophisticated construction department that delivers quick and efficient service that you won't find with most community banks. With an in-house draw department and bank inspector, we have the ability to process most draw requests within 48 hours. This can assist you in completing your construction projects faster, which will result in more savings for you.

Whether you are a builder, developer, or are financing the construction of your own home, Prime Alliance Bank has the right construction loan for you.

Development Loans

Prime Alliance Bank has loan officers with over 30 years of experience in helping developers acquire and develop residential subdivisions, commercial buildings and master planned communities. They provide a level of understanding to your project that will help you through the entire loan process. Call one of our experienced professionals today.

CONSTRUCTION & DEVELOPMENT LOANS
TYPES
  • Residential and Business Construction Loans
  • Land Acquisition and Development Loans
PURPOSE
  • Used to purchase land and progress fund the construction of your home or business
  • Development loans help to acquire land and cover infrastructure and development costs
MATURITY
  • 9-36 months
COLLATERAL
  • Secured by Real Estate
LOAN-TO-VALUE RATIO
  • Up to 80% on Construction
  • Up to 75% on A&D loans
PAYMENT TERMS
  • Varies with loan type
LOAN SIZE
  • Up to $1,500,000 for Personal
  • Up to $2,000,000 for Business

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1868 S. 500 W.  Woods Cross, UT  84087 | (801) 296-2200