Office Conversion Financing
Office Conversion and Adaptive Reuse Loans
Office conversion loans provide construction and bridge financing for projects converting vacant or underperforming office buildings into residential, mixed-use, or alternative commercial uses. These 18 to 36-month facilities are structured for the complexity of adaptive reuse: phased draws, conversion cost reserves, and underwriting to post-conversion residential value rather than current office income. Minimum loan size is $2 million.
Apply for Office Conversion Financing →Key Features
Office Conversion Loans at a Glance
Loan Amount
$2M - $75M+
Term
18 - 36 Months
Rates
8.00% - 13.00%
Ltc
Up to 80% of Total Conversion Cost
Structure
Interest-Only, Phased Construction Draws
Recourse
Completion Guarantee Typically Required
Overview
Office-to-Residential and Adaptive Reuse Conversion Financing
The U.S. office market carries over 1 billion square feet of vacant or chronically underutilized space, driven by the permanent shift to hybrid and remote work. Office-to-residential conversion has emerged as a top priority for urban planners, municipalities offering tax incentives, and real estate investors who can acquire Class B and C office at steep discounts to replacement cost and convert to residential at a significant value premium. Specialized debt funds and select banks with adaptive reuse experience are the primary construction capital sources for conversion projects. Lenders focus on post-conversion residential income, location fundamentals, floor-plate conversion feasibility, and sponsor execution track record.
Lender Sources
- Adaptive Reuse Debt Funds
- Private Lenders
- CDFI Lenders
- Banks with Conversion Programs
- HUD 221(d)(4) for Affordable Conversion
Ideal For
- Office-to-multifamily conversion projects in high-density urban locations
- Class B and C office acquisitions at 40-70% discount for residential adaptive reuse
- Municipalities offering tax abatements and incentives for office-to-residential conversion
- Mixed-use conversion: residential upper floors with ground-floor retail or amenity uses
- Office-to-hotel or short-term rental conversion in urban core locations
- Medical office conversion of obsolete suburban office near hospital campuses
Office Conversion Loans by City
Los Angeles, CA
Office Conversion Loans
New York, NY
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Phoenix, AZ
Office Conversion Loans
Dallas, TX
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Houston, TX
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Miami, FL
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Atlanta, GA
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Chicago, IL
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Denver, CO
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Seattle, WA
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San Diego, CA
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San Francisco, CA
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Austin, TX
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Nashville, TN
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Tampa, FL
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Charlotte, NC
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Minneapolis, MN
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Portland, OR
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Las Vegas, NV
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Orlando, FL
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Raleigh, NC
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Salt Lake City, UT
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San Antonio, TX
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Kansas City, MO
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Columbus, OH
Office Conversion Loans
Indianapolis, IN
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San Jose, CA
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Philadelphia, PA
Office Conversion Loans
Washington DC, DC
Office Conversion Loans
Detroit, MI
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Boston, MA
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Baltimore, MD
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Sacramento, CA
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St. Louis, MO
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Pittsburgh, PA
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Cincinnati, OH
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Cleveland, OH
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Jacksonville, FL
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Milwaukee, WI
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Memphis, TN
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Oklahoma City, OK
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Louisville, KY
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Richmond, VA
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Virginia Beach, VA
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New Orleans, LA
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Birmingham, AL
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Hartford, CT
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Tucson, AZ
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Boise, ID
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Omaha, NE
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Tulsa, OK
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Honolulu, HI
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Albuquerque, NM
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El Paso, TX
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Riverside, CA
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Charleston, SC
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Knoxville, TN
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Fort Worth, TX
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Savannah, GA
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Fort Lauderdale, FL
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West Palm Beach, FL
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Durham, NC
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Colorado Springs, CO
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Huntsville, AL
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Provo, UT
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Boulder, CO
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Reno, NV
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Ann Arbor, MI
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Madison, WI
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Des Moines, IA
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Lexington, KY
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Providence, RI
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Buffalo, NY
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Rochester, NY
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Grand Rapids, MI
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Fresno, CA
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Worcester, MA
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Stamford, CT
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Bridgeport, CT
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New Haven, CT
Office Conversion Loans
Bakersfield, CA
Office Conversion Loans
Oxnard-Ventura, CA
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Allentown, PA
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Baton Rouge, LA
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Dayton, OH
Office Conversion Loans
McAllen, TX
Office Conversion Loans
Stockton, CA
Office Conversion Loans
Columbia, SC
Office Conversion Loans
Greensboro, NC
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Akron, OH
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Sarasota, FL
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Fort Myers, FL
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Little Rock, AR
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Wichita, KS
Office Conversion Loans
Lakeland, FL
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Ogden, UT
Office Conversion Loans
Winston-Salem, NC
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Augusta, GA
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Spokane, WA
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Syracuse, NY
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Toledo, OH
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Lancaster, PA
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Chattanooga, TN
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Scranton, PA
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Harrisburg, PA
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Asheville, NC
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Pensacola, FL
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Jackson, MS
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Shreveport, LA
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Greenville, SC
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Fayetteville, NC
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Myrtle Beach, SC
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Wilmington, NC
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Montgomery, AL
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Roanoke, VA
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Charlottesville, VA
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Fredericksburg, VA
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Manchester, NH
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Portland, ME
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Burlington, VT
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Springfield, MA
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Cape Coral, FL
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Daytona Beach, FL
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Columbia, MO
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Springfield, MO
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Sioux Falls, SD
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Fargo, ND
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Lincoln, NE
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Cedar Rapids, IA
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Peoria, IL
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Fort Wayne, IN
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South Bend, IN
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Evansville, IN
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Youngstown, OH
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Canton, OH
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Flint, MI
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Kalamazoo, MI
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Lansing, MI
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Duluth, MN
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Rochester, MN
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Green Bay, WI
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Appleton, WI
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Wausau, WI
Office Conversion Loans
Eau Claire, WI
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Champaign-Urbana, IL
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Davenport, IA
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Waterloo, IA
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Sioux City, IA
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Topeka, KS
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Lubbock, TX
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Midland, TX
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Abilene, TX
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Tyler, TX
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Waco, TX
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Beaumont, TX
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Corpus Christi, TX
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Killeen, TX
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Round Rock, TX
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Brownsville, TX
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Laredo, TX
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Flagstaff, AZ
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Yuma, AZ
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Santa Barbara, CA
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San Luis Obispo, CA
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Santa Cruz, CA
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Palm Springs, CA
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Visalia, CA
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Salinas, CA
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Chico, CA
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Redding, CA
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Victorville, CA
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Temecula, CA
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Modesto, CA
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Missoula, MT
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Billings, MT
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Great Falls, MT
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Helena, MT
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Bozeman, MT
Office Conversion Loans
Idaho Falls, ID
Office Conversion Loans
Pocatello, ID
Office Conversion Loans
Twin Falls, ID
Office Conversion Loans
Casper, WY
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Bismarck, ND
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Minot, ND
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Rapid City, SD
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Macon, GA
Office Conversion Loans
Columbus, GA
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Florence, AL
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Dothan, AL
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Gulfport, MS
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Hattiesburg, MS
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Fredericksburg, TX
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Lynchburg, VA
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Hagerstown, MD
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Salisbury, MD
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Trenton, NJ
Office Conversion Loans
Atlantic City, NJ
Office Conversion Loans
Reading, PA
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York, PA
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Erie, PA
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State College, PA
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Charleston, WV
Office Conversion Loans
Huntington, WV
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Wheeling, WV
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Manchester, TN
Office Conversion Loans
Clarksville, TN
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Johnson City, TN
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Bowling Green, KY
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Owensboro, KY
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Paducah, KY
Office Conversion Loans
Florence, SC
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Hilton Head Island, SC
Office Conversion Loans
Wilmington, DE
Office Conversion Loans
Dover, DE
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Manchester, CT
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Bangor, ME
Office Conversion Loans
Albany, NY
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Binghamton, NY
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Poughkeepsie, NY
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Utica, NY
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Lowell, MA
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Springfield, IL
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Decatur, IL
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Bloomington, IL
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Joliet, IL
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Elgin, IL
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Waukegan, IL
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Rockford, IL
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La Crosse, WI
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Kenosha, WI
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Racine, WI
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Yakima, WA
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Kennewick, WA
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Bellingham, WA
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Olympia, WA
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Tacoma, WA
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Eugene, OR
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Medford, OR
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Astoria, OR
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Newark, NJ
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Jersey City, NJ
Office Conversion Loans
Related Property Types
Office Conversion Loans are available for all major commercial property types. Explore financing by property category.
Multifamily
Financing programs
Industrial
Financing programs
Retail
Financing programs
Office
Financing programs
Mixed-Use
Financing programs
Hospitality
Financing programs
Self-Storage
Financing programs
Data Centers
Financing programs
Senior Living
Financing programs
Medical Office
Financing programs
Manufactured Housing
Financing programs
Parking
Financing programs
FAQ
Office Conversion Loans FAQ
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