Commercial Mortgage Rates and Terms

  • Loan amounts from $500,000 to $5 million

  • No pre-payment penalty after 6 months

  • Certified Appraisal not required for all properties

  • Vacant commercial properties funded (in certain cases)

Current  Loan  Rates
Quality Rates* Term Points
A 7.5% 1 - 3 years 1½
B 8.5% 1 - 3 years 2½ - 3
C 9.5% - 10.5% 1 - 3 years 3½ - 4

* Rates subject to change

 
 
Maximum Loan-to-Value Ratios
Rental Commercial Properties
  • Office Buildings
  • Apartment Buildings (We seldom finance
    1-4 family dwellings)
  • Retail Buildings
  • Strip Centers
  • Shopping Centers
  • Mobile Home Parks
  • Trailer Parks
  • Mixed-Use Properties
  • Gas Stations
65%
Business Properties
  • Hotels
  • Motels
  • Restaurants
  • Hospitals
  • Nursing Homes
  • Adult Care Homes
  • Convalescent Hospitals
  • Churches
55%
(Possibly 65% with strong compensating factors)
 Farm Land (Producing)
50%
 Development Land 40%