First Community Bank offers developers Construction Loans to finance the development of both owner-occupied and investment properties. The Bank will consider financing a wide variety of property types, including but not limited to apartments, office buildings, retail properties, industrial buildings, and, in certain cases, special-purpose projects, including lodging facilities and seniors housing projects. The Bank also offers tract construction loans to homebuilders, on both attached and detached single family homes. These loans are generally priced on a floating rate basis, with maturities to fit your specific needs, up to three years maximum. Construction Loans will be considered at loan-to-value ratios of up to 75% of the stabilized value of the property, and at up to 80% on apartment properties.