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Construction Loans

Finding the right construction loan to help build, develop, refinance, or enhance your commercial property starts with finding the right partner. 


Collaboration + Experience

The success of any construction project relies on speed, accuracy and one-on-one support. We stand by business owners across the country to finance a growing number of project types:

  • Multi-family properties
  • Affordable housing construction
  • Medical and business offices
  • Industrial, warehouse, flex buildings
  • Multi- and single-tenant retail
  • Owner and non-owner occupied
  • Storage units

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Don't see your project listed? Reach out to discuss other options. 

Construction Loan Services

Lending our experience, building your confidence

Icon-Team of Experts


We partner with you, from loan approval to project completion, to see the big picture and dig into details. We connect all parties for accuracy and understanding.



When the project is underway, we monitor every step, ensuring fast funding draws and handling change orders, reporting, disbursements, and as-needed inspections.



Our dedicated team puts decades of experience to work to thoroughly review and monitor the process, ensuring precision and risk mitigation.

How It Works

Services from the Stearns Bank Construction Team begin with a full budget and contractor review. From there, we take on the responsibility of draws, monthly budget reviews, change orders and other management services. 

For many projects, this includes:

An Up-Front Review

  • Source & Use budget analysis 

  • Initial budget assessment 

  • Contractor due diligence and approval

Monthly Reviews

  • Monthly budget assessment

  • Retainage monitoring/retainage release to sub-contractors 

  • Response to change orders

  • Contractor collaboration on back up for all stored materials

  • Collection of state-specific waivers

  • Inspection reporting

  • Title, lien and tax updates

  • Second file review to confirm balanced budget

  • Final sign off  to fund the draw

  • Wiring of funds to the contractor

  • Soft cost payments, directly and to other vendors

An End-of-Project Review

  • Certificate of occupancy

  • End-of-year 1099 reporting sent to the vendor and IRS


The Stearns Bank Difference

  • Check markLoans approved with speed and precision
  • Check markDecades of industry experience
  • Check markIn-house approvals
  • Check markNational reach
  • Check markDedicated Construction Loan Services Team
  • Check markFlexibility to re-approve changing budgets

Alternative Funding

Depending on your situation, you may also consider an SBA loan for your project. As an SBA Preferred Lender, Stearns Bank can help you explore a variety of SBA loans options, which can include construction uses and offer advantages like lower down payments and flexible repayment terms.  

Learn about sba loans

Entrepreneur Finds Comfort In Working With Stearns Bank

Entrepreneur Finds Comfort In Working With Stearns Bank

Shan Sultan
College Park, GA

To complete the renovation, Shan would need some financial assistance. After first going to his local bank in Georgia, he was referred to Stearns Bank for the construction financing.

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Construction Loan Team

Get in touch with Tom Hosier
Tom Hosier
SVP, Commercial Business Development Officer
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Get in touch with David Feriancek
David Feriancek
SVP, National Lending
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Get in touch with Kris Holm
Kris Holm
VP, Commercial Lending Manager
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Get in touch with Victoria Freeney
Victoria Freeney
Commercial Lender
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Get in touch with Shari Stults
Shari Stults
Commercial Lender
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Get in touch with Bryan Collies
Bryan Collies
Commercial Lender
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