Commercial Developers and Investors
Commercial real estate loans are available to acquire or build owner-occupied facilities for businesses of all types. We can provide both construction and permanent financing for desirable projects. Construction financing periods vary with the complexity of the project, but are typically for a period of one year. Permanent financing periods may extend to 20 years, depending on amount. Rates vary from floating rates tied to Wall Street Journal prime, or fixed rates for up to 5 years with subsequent adjustments fixed for additional periods of 3-5 years. Up to 80% of the appraised value of the completed project may be financed and personal guaranties of the owners are typically required on all loans.
Property Types Financed:
- Office
- Retail
- Industrial
- Warehouse
- Condominiums
- Multifamily properties
To contact a Commercial Loan Officer to discuss your particular loan needs or to obtain more information regarding any of our loan products, simply select a bank location near you.