| |
| Business Purpose |
Acquire or refinance existing debt on a commercial property |
| Loan Amounts |
$100,000 to $5,500,000 |
| Terms/Maturity |
10, 15, 20 & 25 year amortization* |
| Interest Rate |
Variable, based on the three- and five-year T-bill plus a margin |
| Access to Funding |
Funds available at closing |
| Monthly Payment |
Principal and interest payments to amortize entire balance over the term
of the loan |
| Collateral |
First mortgage position on commercial property |
| Guarantees |
Required from each borrower/owner |
| Costs |
Closing costs may vary by type of property, dollar amount of loan and
complexity of transaction origination fee |
| Features/Benefits |
Ability to transact business with a community bank that recognizes you
as a partner and appreciates you as a customer. |
| |
| *Applies to non-owner occupied properties. For owner-occupied properties, please contact us to learn about similar programs. |
| |
| Residential Land Dev Revolving LOC | LOC
| Term
Loan |
