Construction mortgages are distinct from commercial mortgages, and are specifically geared towards commercial owners looking to construct brand new facilities or buildings, rather than purchase something existing. These loans tend to be much shorter term (standard is five years) and can be converted to a different mortgage type once construction is complete. They are also available as interest-only loans, which is not an option with other commercial mortgage types. This helps owners make their debt payments as the property is being constructed, before they have income from its use.