Question 1

Can I use a construction loan for a warehouse in Industry?

Accepted Answer

Yes, but you'll need commercial construction financing, not residential. Expect 20-30% down and a solid business plan with tenant pre-leases or strong projections.

Question 2

How long does construction loan approval take in Industry?

Accepted Answer

Traditional lenders need 45-60 days for commercial projects. Hard money lenders can close in 2-3 weeks if your project and financials are solid.

Question 3

What happens if construction goes over budget?

Accepted Answer

You pay the overrun out of pocket. Lenders fund only the approved loan amount. That's why cash reserves are required during underwriting.

Question 4

Do construction loans cover land purchase in Industry?

Accepted Answer

Some do, but most require you to own the land first. If the loan includes land, you'll need 25-30% down on the total project cost.

Question 5

Can I convert a construction loan to permanent financing?

Accepted Answer

Yes, single-close construction-to-permanent loans lock in your takeout rate upfront. Otherwise, you refinance into commercial permanent financing after completion.

Construction Loans in Industry, CA — Build Your Commercial or Industrial Property