Commercial Mortgages

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Whether you are purchasing or refinancing a commercial property, our experienced lenders will work closely with you to structure the appropriate mortgage loan to meet your needs. Proceeds from a commercial mortgage may be used to purchase or refinance properties such as multi-family apartments, office buildings, convenience stores, retail stores, hotels/motels, or storage facilities, to name a few. Our experienced loan officers will guide you through the sometimes confusing maze of commercial financing options to select the right loan for you!

We offer two types of commercial mortgage programs – adjustable rate loans and fixed rate loans:

1. Adjustable Rate Loans: Our adjustable rate loans are priced below our fixed-rate options, and are based on the Wall Street Journal Prime-rate index, plus a margin. These loans typically fully amortize over 10-20 years with no balloon features. Please note that with this type of loan your payments will change over the life of the loan. This loan type does not carry early pre-payment fees.
2. Fixed Rate Loans: Our fixed-rate mortgages are short-term, balloon loans that carry a fixed payment over the life of the loan. Because the monthly loan payment is based upon a 10-20 year amortization, these loans do not fully amortize over the original loan term. These loans are priced above our adjustable-rate option, and are based on the Federal Home Loan Bank's advance rates for the balloon period, plus a margin. Our typical balloon periods are 3-5 years, and these loans may carry early pre-payment fees.