Commercial Mortgage
Purchase, refinance, or renovate owner-occupied properties.
First Commercial Bank offers a wide range of mortgage solutions for businesses looking to purchase, refinance, and/or renovate commercial real estate property. We’ll work together to produce the right financing plan, look at commercial mortgage rates, and determine terms that work for you and your business’ goals.
Need additional help with your business finance plan? Discover our Business Finance Calculators.
FEATURES YOU’LL LOVE:
- Range of maturities and rate options available
- Used for purchase, refinance, and improvements
- Collateral may be owner-occupied commercial real estate
- Repayment terms include principal and interest
- Fixed or floating interest rate
- Low fees may include commercial mortgage loan origination fee and/or out of pocket costs
TO BE ELIGIBLE FOR A COMMERCIAL MORTGAGE APPLICATION, YOUR BUSINESS SHOULD:
- Meet established lending requirements and obtain credit approval
- Be established for at least two years
- Have a satisfactory business and personal credit history
- Have no bankruptcies
- Be profitable with sufficient cash flow to meet both your new and current financial obligations
- Have adequate business income to support the term loan with no reliance on investment income
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Loans and lines of credit are subject to credit review and approval and underwriting terms and conditions. Loan repayment via auto-debit from a First Commercial Bank checking account is required for all loans. Established credit criteria must be met. Apply at your local First Commercial Bank branch. Fees may include a set-up fee, annual fee, and out-of-pocket costs.