We understand that an overcrowded or outdated gym has significant consequences for your customers’ experience and ultimately impacts your bottom line. As a lender that has financed thousands of construction projects nationwide and that specializes in the fitness center industry, Live Oak Bank has mastered the construction loan process so that you can get the funding you need to expand or upgrade your facilities.
Having an accurate projection of costs when building or renovating a gym is the first step to finding long-term success for your business. Development costs, such as environmental and code issues, can vary significantly from project to project. We have knowledgeable construction lenders on our team who will set expectations at the beginning of the process, helping you to avoid unexpected costs and keep your project moving forward on budget and on time.