an architect builds a scaled custom home model

One-Time Close Construction Loan

Whether you are building the home of your dreams from the ground-up or contemplating a complete teardown and rebuild, Broadway Bank's One-Time Close Construction Loan may be the solution for you.

The One-Time Close Construction Loan bundles the construction loan and the permanent mortgage into a single loan.

Contact Us Today

Features

  • Saves you closing costs
  • No prepayment penalty
  • Interest-only payment during construction
  • Loan automatically converts to permanent financing upon completion

a home under construction

Options available:

  • Fixed rates
  • Balloon and Fully amortizing

Loan to Value Ratio1:

  • Up to 80% for loans up to $1.5 million
  • Up to 75% for loans $1.5 million - $3 million

a completed home build project

Individual Attention

With a single point of contact, you’ll get the prompt personal service from a team of experts, each working together to accomplish your financial and personal goals.

Customized Solutions

Your needs aren’t the same as everyone else’s….because you are unique. Our private bankers get to know you personally and professionally to tailor precise financial strategies.

Standing Strong

Success lies between knowing you have the personal touch of a small bank paired with the expertise of a Wall Street titan. As one of the region’s largest and strongest independent banks you get the best of both.

Contact Private Banking

A woman contacts her Broadway Bank Private Banking team

Contact our Private Banking team today to see how you will benefit from modern banking that’s locally sourced and personally delivered.

Contact Private Banking

Important Information:
NMLS Listing
Membership qualifications to Private Banking at Broadway Bank apply. All loans subject to credit approval, verification and collateral evaluation. Rates, terms and conditions are subject to change without notice. Lending area and other restrictions apply.

1The loan to value (LTV) is the lesser of the appraised value or the acquisition cost (cost of land plus cost to construct).
ehl-navy.svg

Login

Broadway Bank Free Checking

Open an account today.

Learn More

Small Business Loans

We're a SBA Preferred Lender

Learn More

Commercial Banking

Universal expertise. Local decisions.

Learn More

Broadway Wealth Management

Protect and grow your legacy.

Learn More

Revolving Lines of Credit

Purchase new equipment using cash

Learn More