COMMERCIAL CONSTRUCTION LOANS
Build with Confidence.
Financing Designed for Projects Across Washington.
Whether you’re developing commercial property, building a new facility, expanding your operations, or constructing investment real estate, First Fed’s Construction Loans provide the financing and local expertise to help bring your vision to life.
Our experienced commercial lenders understand the unique challenges of construction projects. From planning and permitting through project completion, we work alongside you to structure financing that aligns with your timeline, budget, and long-term business goals.
What We Finance
We offer flexible solutions for a variety of construction projects, including:
Spec Construction Loans: Financing for single-family homes, ADUs, DADUs, townhomes, and other residential developments.
Commercial buildings: office, retail, industrial, mixed-use, and specialty properties
Owner-occupied facilities: new headquarters, expansion projects, and business locations
Multi-family developments: apartment communities and residential investment properties
Land development and site preparation: infrastructure improvements and project-ready properties
Major renovations and redevelopment projects: revitalization of current properties
Whether you’re building from the ground up or transforming an existing property, our team can help structure the right financing solution for your project.
Customer Success Story
"We needed an SBA loan to remodel our tasting room and restaurant, and First Fed had the best offering. It's been a pleasure working with the First Fed team."
- Heidi Soehren, Co-Owner of Blue Spirits Distilling
Why Choose First Fed for Construction Financing?
Construction lending requires more than financing. Our experienced local team understands the Washington market and works closely with you, your contractors, and your project team throughout the construction process.
Every project is different. We offer flexible loan structures designed around your construction timeline, draw schedule, and long-term plans for the property.
From groundbreaking to completion, we’re committed to helping you navigate the construction process with confidence. You’ll have a dedicated lending team available to answer questions and support your project every step of the way.
How Construction Financing Works
- Meet with Our Commercial Lending Team
We’ll discuss your project, financing needs, timeline, and goals to determine the best lending solution. - Submit Project Information
Our team will help guide you through the documentation process, which may include project plans, budgets, contractor information, financial statements, and development details. - Structure Your Loan
We’ll work with you to establish loan terms, funding schedules, and construction milestones that align with your project. - Build with Confidence
Once approved and closed, funds are advanced according to the agreed-upon draw schedule as construction progresses.
Meet Our Commercial Lending Team
Have questions or want to discuss an upcoming project? Our experienced commercial lenders are here to help you explore financing options and navigate the construction process with confidence.
Ben Buhler
Commercial Market Leader
Rainier Award Winner
Whatcom County
[email protected]
360-671-5496
Paul Evans
Commercial Relationship Manager
Commercial Real Estate, Acquisition / Renovation, Construction
[email protected]
Jennifer Chaussee
Commercial Relationship Manager
Kitsap County
[email protected]
360-215-8975
Susan Whitmire
Commercial Relationship Manager
Olympus Award Winner
Clallam and Jefferson Counties
[email protected]
360-344-4918
Ready to Get Started?
Contact us today to discuss your project, review financing options, and learn how First Fed can help bring your plans from blueprint to reality. With local decision-making, flexible solutions, and a relationship-focused approach, we’re here to help you build for the future.