Construction to Permanent Loan in North Carolina Now

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Published: January 3, 2026
Categories: blog
Reading Time: 3 minutes read
Article Credits

Contributing Author & Editorial Review

This article was authored and professionally reviewed to provide accurate, actionable financial insights.

GHC Funding

GHC Funding

Contributing Author

Alyssa writes about real estate investing, debt-free strategies, and emerging trends in small business finance with a focus on practical insights.

Samantha Reyes

Samantha Reyes

Senior Content Editor

Samantha specializes in editorial strategy, compliance review, and refining complex finance topics into accessible, reader-friendly guidance.

Content is provided for educational purposes only and should not be considered legal, tax, or financial advice.

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Unlocking Success: How to Get a Construction to Permanent Loan in North Carolina

When Sarah, a determined entrepreneur in Asheville, North Carolina, decided to expand her boutique hotel, she faced a common dilemma. She needed a loan that could fund the construction and seamlessly transition into a permanent mortgage once the project was complete. Like many North Carolina business owners, she found herself navigating the complexities of construction to permanent loans.

In this article...

Understanding Construction to Permanent Loans

A construction to permanent loan is a financing solution that covers the cost of construction and then converts into a permanent mortgage. It’s designed for business owners who plan to build a new facility or expand an existing one. This type of loan provides a single closing process, saving time and money.

Many businesses in Raleigh, Charlotte, and Greensboro benefit from these loans due to the thriving economic landscape and growing demand for commercial spaces. Construction to permanent loans offer flexibility and financial predictability, crucial in North Carolina’s competitive market.

Need capital? GHC Funding offers flexible funding solutions to support your business growth or real estate projects. Discover fast, reliable financing options today!

⚡ Key Flexible Funding Options:

GHC Funding everages financing types that prioritize asset value and cash flow over lengthy financial history checks:

Top Pick

DSCR Rental Loan

Best for: Scaling rental portfolios
★★★★★ 4.8/5 (120 reviews)
Starting rate~7–9%+
Loan amounts$100K – $5M+
Term30 yr fixed / ARMs
Highlights
  • No tax returns required
  • Qualify using rental income (DSCR-based)
  • Fast closings ~3–4 weeks
Check DSCR Rates

SBA 7(a) Loan

Best for: Owner-occupied commercial real estate
★★★★★ 4.6/5 (89 reviews)
RatePrime + spread
Loan amounts$350K – $5M+
TermUp to 25 years
Highlights
  • Lower down payments vs banks
  • Long amortization improves cash flow
  • Good if your business occupies 51%+
Explore SBA Options

Bridge Loan

Best for: Fast closing + value-add deals
★★★★☆ 4.4/5 (72 reviews)
RateVaries by deal
Loan amounts$250K – $15M+
Term6–24 months
Highlights
  • Close quickly — move on opportunities
  • Flexible underwriting
  • Great for value-add or transitional assets
Talk to a Specialist
Low Rates

SBA 504 Loan

Best for: Large CRE acquisitions & refinancing
★★★★★ 4.7/5 (101 reviews)
RateFixed, low CDC rate
Loan amounts$500K – $12M+
Term10, 20, 25 years
Highlights
  • Low fixed rates through CDC portion
  • Great for construction, expansion, fixed assets
  • Often lower down payment than bank loans
Check 504 Eligibility

🌐 Learn More

For details on GHC Funding's specific products and to start an application, please visit our homepage:

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  • Credit Score Requirement: A minimum credit score of 680 is typically needed.
  • Approval Time: Expect the process to take around 45-60 days.

Common Mistakes and How to Avoid Them

North Carolina business owners often make a few key errors:

  • Underestimating Costs: Ensure you have a comprehensive budget that accounts for unexpected expenses.
  • Ignoring Market Trends: Stay informed about local real estate and construction trends.
  • Overlooking Loan Terms: Understand the terms and conditions to avoid surprises.
  • Neglecting Professional Guidance: Engage with financial advisors early in the process.

Let’s explore a real case study from Wilmington, NC. A local brewery needed $1.5 million to build a new facility. By securing a construction to permanent loan, they managed to maintain steady cash flow and grow their business, ultimately increasing their revenue by 30% in the first year.

Frequently Asked Questions

Here are some questions we often hear from North Carolina business owners:

  • What is the interest rate range? Rates typically range from 3.5% to 6%.
  • Can I lock the interest rate? Yes, many lenders offer rate locks during construction.
  • What documents are needed? You’ll need financial statements, a business plan, and construction plans.
  • Is a down payment required? Yes, usually around 20% of the total loan amount.
  • How does the loan disbursement work? Funds are released in stages as construction progresses.
  • Can I include land purchase costs? Yes, if the land purchase is part of the project.

Get a Free Rate Today

Compare our top-rated commercial and investment property loan programs below.

DSCR Loan
⭐ 4.8/5
  • No income verification
  • 30-year fixed | Interest-only available
  • Great for rental properties + STR
  • Fast approvals
Check My Rate
SBA 7(a) Loan
⭐ 4.9/5
  • Working capital + business acquisition
  • Up to $5M
  • Low down payment
  • Long-term financing
Check My Rate
SBA 504 Loan
⭐ 4.9/5
  • Owner-occupied CRE
  • Low fixed rates | 25-year terms
  • Great for business expansion
  • Refinance available
Check My Rate
Bank / CRE Loan
⭐ 4.7/5
  • Best for stabilized properties
  • Competitive rates
  • 12–25 year terms
  • Lower fees than private lenders
Check My Rate

Compare Loan Types

Find the Right Financing for Your Real Estate or Business Project

Loan Type Best For Rates Terms Highlights Apply
DSCR Loan Rental properties (LTR & STR) 5.99%+ 30-year fixed, IO options No income docs, fast approvals, great for investors Check My Rate
Construction Loan Ground-up, fix & build, major renovations 8%–12% depending on scope 12–24 months interest-only Flexible draws, great for builders & developers Get a Quote
SBA Loan Business acquisition, working capital, CRE Prime + spread 10–25 years Lowest down payments, long terms, best for business growth See My Options

Ready to Transform Your Business?

At GHC Funding, we’re committed to helping North Carolina business owners achieve their construction goals. Our team of experts will guide you through the process and ensure you secure the best terms possible.

Contact us today to learn more about construction to permanent loans and start building your business’s future.

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Get a No Obligation Quote Today.


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GHC Funding DSCR, SBA & Bridge Loans
Contact GHC Funding Today. Main: 833-572-4327 Email: sales@ghcfunding.com
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