We are here to help! There are plenty of benefits to owning commercial real estate. Whether it's tax advantages, controlling overhead costs, or asset appreciation, we are here to help make the typically complex commercial real estate purchase or refinance process as simple as possible.
Commercial Loan Uses Purchase or Refinance:
Owner Occupied and Investment Property
We offer financing solutions for the purchase or refinance of commercial office buildings, retail centers, multi-use properties, apartment buildings and more.
- Multi-Family up to 75% LTV with up to 30 years amortization
- CRE LTV up to 70% with up to 25 years of amortization
- Terms of 10 and 15 years only
- 3, 5, and 7 year fixed rate hybrids
- Payments include principal and interest
SBA Loans: Ideal for Businesses that Need Flexible Financing
SBA (U.S. Small Business Administration) loans are also available for the purchase of owner-occupied commercial property.
If you're ready to stop paying rent on your company's building, we offer the following loan products:
SBA loans are backed by the federal government and made available through lending partners like Financial Partners Credit Union. They're designed for borrowers that may not meet the needs of conventional financing due to insufficient collateral, a low down payment or other credit factors.
SBA Features & Benefits:
- Up to 90% financing for owner-occupied commercial real estate
- Low down payment requirements
- 10-15 year terms
- Fixed or variable rates
504 Loan Program
- Use of Funds - To purchase owner-occupied commercial real estate
- Industries - Most industries qualify; no non-profits
- Loan Types - Term loans
- Interest Rate - Based on LIBOR and WSJ Prime
- Term - Lender Loan (real estate): Typically 25 years; CDC loan: Typically 20 years;
- Amortization - Typically 25 years on first position; 20 years on the long-term (CDC) potion
- Prepayment Penalty - Prepayment applies
- Collateral - FPCU loan: First mortgage on property being financed; CDC loan: Second mortgage on business real estate
- LTV up to 90%
We would love to be your partner when you are ready to take the next step. Schedule an appointment or call 800.950.7328.