Building types we manage, and the lenders who fund them
Most of our owners finance with a construction loan from a bank, credit union or SBA 504 lender. The building types below are where an open-book GMP pays off.
Building types
- Medical office and clinics
- Exam and procedure suites, accessible entries and restrooms to the 2020 Minnesota Accessibility Code, med-gas and nurse-call coordination with licensed trades.
- Light industrial and flex
- Pre-engineered steel or tilt-up shells, insulated metal panel walls, slab flatness for racking, dock doors and office build-outs.
- Multifamily, 4+ units
- Wood-frame over podium and walk-up buildings, unit-by-unit schedule of values, fire separations and sound-rated assemblies.
- Mixed-use
- Ground-floor retail shells with residential above, separate draw tracking for commercial and residential portions when the lender requires it.
- Churches and nonprofits
- Additions and major renovations funded by a mix of loan, capital campaign and grant money, with draws reported by funding source.
- Office additions and conversions
- Additions to occupied buildings, phased so tenants keep working, and energy upgrades to the 2024 Minnesota Energy Code (ASHRAE 90.1-2019).
For construction lenders
If you are underwriting a loan for a project we're bidding, we can send what your credit and draw teams need before closing.
Before loan closing
Signed GMP exhibit, schedule of values matching your budget lines, master schedule, COI naming the lender, and a project bonding letter.
Each month
G702/G703 by the 25th, conditional and unconditional lien waivers, invoices, stored-material receipts, change order log and site photos.
On site
The superintendent walks the site with your draw inspector and reconciles percent complete line by line.
At closeout
Certificate of substantial completion, final inspections, final unconditional waivers from all parties, then retainage release.
Where we build
St. Paul, Minneapolis and the cities of Ramsey, Hennepin, Dakota, Washington and Anoka counties. In St. Paul, permits run through the Department of Safety and Inspections. A permit expires if work doesn't start within 180 days of issue, so we file once the start date is firm.
Building through a Minnesota winter
Frost depth here is 42 inches and January lows reach −20°F. Foundations poured after November get heated enclosures and ground thaw. We price winter heat and protection as a separate general conditions line so you can see what a winter start costs.