Salem Five Home

Commercial Construction Loans

Construction worker at site holding blueprints and looking down at mobile device.

Financing Solutions for Local Homebuilders & Developers

Whether you're constructing a new property or renovating for resale or rental, Salem Five offers construction loans designed to support your vision. With competitive rates1 and flexible terms, we’ll work with you to create a financing plan that aligns with your business goals, so you can focus on building success.

We offer a variety of construction loan products to service:

  • Suburban tract developments, with infrastructure and road funding
  • Single-Family Teardowns and Rehabs
  • Ground-up and Renovations for Townhouse, Garden-Style, Detached, and Condex-style Condos
  • Urban Condo Conversions
  • Ground-Up Multi-Family or Apartment Renovations
  • Additional expertise in 40B developments, MBTA zoning, Merged Lots, Accessory Dwelling Units and Non-Profit/Affordable Housing

Get Started Today

Salem Five Construction Loan Benefits

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    Acquisition and construction funds are efficiently completed in a single closing to meet tight deadlines.
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    Lenders and decisions makers support housing with industry expertise and local insight, in MA, NH and Southern ME.
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    Builders have access to Salem Five’s experienced Mortgage and Insurance companies.
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    Insurance Agents provide builder’s risk, contractor liability, vacant dwelling, and general liability policies.
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    Mortgage products include end loans and construction-to-permanent financing for your prospective buyer.
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    Property inspections are completed by your lender directly, or our network of quick third-party inspectors. Advances are approved and processed by your lending team, not a back office.
Mark Palermo, Salem Five Construction Loan Officer
Mark Palermo
VP, Construction Loan Officer
Salem, MA
 

Construction Loan Officer

Contact Mark today to have a conversation about your Construction Lending needs.

Construction Loans: FAQs


  • Salem Five primarily lends in Massachusetts, New Hampshire, and Southern Maine. Our projects span a wide range of geographic regions, including:

    • Cape Cod
    • South Shore
    • Worcester County
    • Greater Boston
    • North Shore
    • Seacoast NH
    • Lakes Region, NH
    • Southern NH
    • Merrimack Valley

     

1 All offers of credit are subject to approval. Other mortgage options available. Other terms and conditions apply. Property insurance required. See tax advisor regarding deductibility of interest.