Serving Dallas-Fort Worth

Commercial Construction Loan in Dallas, TX

Commercial construction loans are draw-based facilities used to fund ground-up construction or major renovation of commercial property. The lender funds in stages ("draws") tied to completed work and inspections, then converts to permanent financing at completion ("construction-to-perm") or pays off via a separate take-out loan.

No upfront fees, ever
Compare multiple lenders in one call
Texas-based advisors
Soft credit pull (no credit hit to quote)

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Commercial Construction Loan for Dallas-area business owners

Program at a glance

Typical loan amount: $500K - $25M+
Funding speed: 45 - 120 days to close
Term length: 12 - 36 months (construction) · 5-30 years (perm)
To qualify: Sponsor experience, project budget + GC contract, equity contribution, take-out plan

Ranges are typical for Dallas-area files. Final rates and terms depend on the lender and borrower profile.

Written & reviewed by the Compass Lenders advisory teamDallas-Fort Worth business financing advisorsUpdated June 2026

What it is

Commercial Construction Loan, explained in plain English

For Dallas-area projects we structure construction debt based on sponsor strength, project cost vs. as-completed value, contractor quality, and pre-leasing, and bring in mezzanine or preferred-equity layers when senior debt alone can't cover the project.

Compass Lenders is not a lender. We're a Dallas-based advisory firm that places your file with the lender most likely to fund it on the best terms, and we get paid only when your deal closes.

Who it's best for

A good fit if you recognize yourself here

Commercial Construction Loan tends to be the right choice in specific situations. If one or more of these describes you, it's worth a 15-minute call.

Business types

Developers building ground-up commercial projects
Owner-users building or expanding their operating facility
General contractors building on their own account
Owners undertaking major renovations or additions
Sponsors converting use (office-to-multifamily, retail-to-medical)

Situations it fits

You're starting a new build or major renovation
You need draws tied to construction progress, not a lump sum
You want construction-to-perm rather than two separate closings
You have signed leases or LOIs supporting take-out underwriting

Typical terms

The numbers, as straight as we can give them

These are typical ranges for commercial construction loan files we place for Dallas-area borrowers. Final rates and terms depend on the lender and the borrower profile.

Typical loan amount: $500K - $25M+
Term length: 12 - 36 months (construction) · 5-30 years (perm)
Time to funding: 45 - 120 days to close
Qualification basics: Sponsor experience, project budget + GC contract, equity contribution, take-out plan
Documentation: Project budget, plans + specs, GC contract, appraisal, sponsor financials
Cost to apply: $0 upfront. No fees, no obligation.

How to apply

From first call to funded in days

01
Talk to a Dallas advisor
Quick 15-minute call. We confirm commercial construction loan is the right structure, or recommend a better-fitting program.
02
Submit your file
One-page application plus 3 months of business bank statements. Most files don't require tax returns.
03
Compare real offers
Within 24-72 hours we bring back 2-4 funded offers from lenders actively writing this program for Texas borrowers.
04
Sign and fund
Pick the offer that fits. Funds land in your business account, often the same business day.

Call (469) 213-1499 Start my application

Benefits

Why Dallas owners pick commercial construction loan through us

Decisions in hours

Files for commercial construction loan are usually screened the same day they arrive.

No upfront fees

We're paid by the lender on close. You see real offers before any commitment.

Multiple lenders, one file

One application, side-by-side offers, so you choose on facts, not pressure.

Texas-based advisors

Local underwriters who understand Dallas business profiles and Texas filings.

Soft credit pull to quote

Initial review is a soft pull, with no impact to your personal credit score.

Built around your cash cycle

Term, draw structure, and payment cadence sized to how your revenue actually arrives.

Common uses

How Dallas businesses actually use it

A few of the real-world reasons commercial construction loan shows up in our pipeline each month.

Use case

Ground-up commercial construction

Office, retail, industrial, medical, or hospitality from the ground up.

Use case

Owner-occupied build for your own business

Build the headquarters or facility your business will operate out of.

Use case

Major renovations or additions

Significant expansion of an existing building, financed in draws.

Use case

Adaptive reuse

Convert one property type to another (office-to-multifamily, big-box to medical).

Use case

Construction-to-perm

Fund construction and roll into permanent financing without a second closing.

FAQ

Commercial Construction Loan questions, answered

What loan-to-cost is typical?

Senior construction lenders generally cover 65-80% of total project cost on commercial deals, depending on asset class, sponsor, and pre-leasing.

How do construction draws work?

The GC submits a draw request tied to completed work. The lender's inspector verifies, then funds the draw less retainage. Draws repeat monthly through completion.

Do I need pre-leasing to get approved?

For speculative commercial builds, lenders increasingly require some level of pre-leasing or take-out commitment. Owner-user deals don't need it.

What's construction-to-perm?

One loan that funds construction in draws, then automatically converts to permanent amortizing financing at completion, avoiding the second closing and risk gap.

Can SBA finance ground-up construction?

Yes. SBA 504 and 7(a) can finance owner-occupied ground-up construction with attractive long-term economics. Final rates and terms depend on the lender and the borrower's profile.

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