Commercial Construction Loan in Aurora, CO
Commercial construction loans in Aurora fund ground-up development and major renovations for owner-users and small developers along the Front Range. We structure construction financing for retail pads, medical offices, industrial flex space, self-storage and small multi-family — the projects small banks in Denver won't touch and the money-center banks find too small to bother with.
Construction is a two-part conversation: the construction period (interest-only draws) and the takeout (permanent loan). Getting both right up front is the difference between a project that pencils and one that stalls with a mid-construction lender pullback.
Marquette pairs SBA 504 (for owner-user projects) and conventional construction lenders (for spec and investor deals) to get the right structure for your Aurora project.
- Owner-user ground-up construction (SBA 504)
- Retail pad development
- Medical/dental office build-outs
- Industrial flex or warehouse construction
- Small multi-family (2–4 units + mixed use)
- Major renovations of existing commercial real estate
- Land under contract or owned
- GC selected with license, insurance and bonding
- Approved plans and permits (or path to them)
- 20–25% equity contribution typical
- Personal financial statement and liquidity reserve
From intake to funded in four steps.
“Construction lenders care about three things: your equity in the deal, the strength of the GC, and the realism of the budget. Budget-blowouts kill deals mid-stream — build a 10% contingency into the pro forma up front, not later.”
Questions Aurora operators actually ask.
SBA 504 vs conventional — which is better for construction?+
SBA 504 for owner-user (you'll occupy 51%+ of the space): lower down payment, 25-year fixed takeout. Conventional for investor/spec projects: more flexibility but shorter amortization and often recourse.
Can I use a construction loan for tenant improvements only?+
Yes — TI-only financing is available, often as an SBA 7(a) if you own or are buying the space.
How much equity do I need to put in?+
Plan on 20–25% for owner-user deals and 25–35% for investor/spec projects. Land value can count toward equity.
What happens at completion?+
The construction loan converts (or is refinanced) into the permanent loan. We line up the takeout at the same time we structure the construction facility so there's no gap.
Do you finance value-add renovations?+
Yes. Substantial rehabs, adaptive reuse and change-of-use projects are all financeable through conventional or SBA channels depending on ownership structure.
Talk to Aurora about commercial construction loan.
15-minute call. Real advisor. Real answer on whether this is the right program for your Aurora business.