New housing and commercial real estate development are big-ticket items in any community. Yet those who make the deals, develop the land, manage the construction and sell it all for a profit are mostly small- to medium-sized companies run by individuals who apparently were born with no fear.

For builders and developers, borrowing money is not just a basic financial need; it is about as fundamental to their operations as you can get. It’s a competitive business with plenty of built-in market risk, which makes lending into the trade a matter for the stouthearted, as well. That’s why First Midwest fields more than a dozen real estate lending specialists, each of whom has a thorough understanding of the trade and a keen sense of local market conditions.

Of course, financing isn’t a builder’s only financial need. And it takes a community bank like First Midwest to recognize that the real strength in the commercial real estate business comes from efficient cash management, accurate accounting and appropriate risk management. You can get all that plus the lending capabilities you need, from a bank that understands how closely your personal fortunes are tied up in the success of your business.

COMMERCIAL REAL ESTATE CONSTRUCTION AND DEVELOPMENT

• Dedicated division with commercial real estate lenders
• Full array of loan products including:
• Land development loans
• Home construction lines of credit
• Commercial construction loans
• Bridge loans or interim financing
• Term loans
• Service a geographically diverse network of First Midwest offices
• Trust Division services, investment management*
• Land trust and tax-deferred real estate exchange services
• Relationship review process that links business and personal needs
• Broad spectrum of property types

*Some Trust products are not FDIC insured.