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Let's Build Puerto Rico's Future Today

We provide the support and resources you need to move your commercial construction projects forward.

787-771-3116

Financing Solutions

Financing solutions for residential, commercial, multifamily housing, infrastructure, and other eligible construction projects.

Residential, Commercial & Infrastructure Development

Types of projects we finance:

  • Residential projects for sale: Financing for new construction developments or the rehabilitation of existing properties/structures, including single-family homes, condominiums, and walk-up buildings.
  • Commercial & infrastructure projects: Financing for all types of commercial construction and infrastructure projects in both the public and private sectors, including those supported by federal funding. We serve developments in industries such as hospitality, retail, industrial, and healthcare, among others.
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Benefits

  • Flexibility to support different stages of development.
  • Disbursements aligned with the established construction schedule and project progress.
  • Integration with Popular Mortgage for permanent financing options.
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Financing options1

Available construction financing options include:

  • Bridge loan.
  • Revolving and non-revolving line of credit.
  • Working capital line of credit.
  • Land acquisition loan for future development.
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Applicable programs & funding sources

Federal funding sources that may complement project financing:

  • Community Development Block Grant - Disaster Recovery (CDBG-DR).
  • Community Development Block Grant - Mitigation (CDBG-MIT).
  • Federal Emergency Management Agency (FEMA).
  • And others.
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Minimum Information Required to Begin the Evaluation Process2

  • Project description and construction plans.
  • Developer experience and qualifications of the project team.
  • Relevant endorsements, permits, and studies (environmental, market, or others, as applicable).
  • Monthly project cash flow based on construction and sales projections.
  • Financial statements and projections, if it is a newly established entity.

We're here to help. Call or email us at commercialconstruction@popular.com for assistance.

787-771-3116

Construction Financing Process

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STEP 1Initial Assessment

We conduct an initial interview, evaluate your proposal, and guide you through the available financing options.

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STEP 2Structuring

We develop the optimal financing structure to support your project.

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STEP 3Monitoring

We support you throughout the construction process.

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STEP 4Final Delivery

Support through project completion and delivery.

Work With a Specialized Team

Access Our Services

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Schedule a consultation

Get direct guidance from our Construction Lending team.

787-771-3116
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Contact us directly

Get assistance by sending your questions or documents to commercialconstruction@popular.com. Our team will follow up with you.

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You’re probably wondering...

  • Residential, commercial, infrastructure, and multifamily housing construction projects in Puerto Rico may qualify, including new construction, rehabilitation, or expansion projects, subject to evaluation. Each project is assessed individually to determine its feasibility, financing structure, and alignment with product criteria and, when applicable, available programs or incentives.

  • Approval timelines vary depending on project complexity, the documentation submitted, and the type of financing requested. The process generally includes an initial assessment, financing structuring, and credit analysis. The Construction Lending team will guide you through the next steps and estimated timelines once the details of your project are known.

  • Required documents vary by project type but typically include general project information, financial projections, plans, and permits, among other items. Our team is available to guide you through the specific documentation required for your project.

  • Disbursements are made on a scheduled basis according to project progress and the terms established in the financing structure. Each disbursement is subject to review and validation to ensure funds are used in accordance with the approved plan. Our team will support you throughout the process to help keep your project moving forward.

  • A wide range of commercial developments may be financed, including:

    • Hospitality and tourism projects.
    • Shopping centers and retail developments.
    • Offices and corporate buildings.
    • Industrial and manufacturing facilities.
    • Warehouses and distribution facilities.
    • Healthcare facilities.
    • Educational institutions and community centers.

For more information, visit our Help Center.

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legal

Product offered by Banco Popular de Puerto Rico. Member FDIC. Subject to credit approval. Certain restrictions apply. OCIF Lic. B-1. Popular Mortgage is a division of BPPR.

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 Subject to credit evaluation and applicable terms and conditions based on the financing product.

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 The Bank may request additional information during the evaluation process.

Equal Housing Opportunity

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