Commercial Real Estate Loans
Discovery Bank offers commercial real estate loans tailored to fit your unique business needs. Financing options are available for purchase, refinance, expansion, or business relocation. We specialize in customized financing solutions for owner-occupied properties as well as investor or speculative properties. Eligible property types include commercial, industrial, retail, office, medical, multi-family, restaurants, hotels, service stations, churches and schools.
Maximum Term |
25 Years; based on amortizations of up to 30 years |
Collateral |
1st Trust Deed on the subject real estate |
Debt Coverage Ratio |
Property income stream must have a ratio of 1.25:1 |
Advance Rate |
Typically the lesser of 75% of the appraised value or 75% of the selling price. |
Rates |
Based on current market rate for 5 and 10 year treasury issues, plus a Bank determined spread above the treasury rate. |
Guarantee |
Loans to privately held corporations require the personal guarantee of all principals holding 20% or greater ownership interest. |
Inquire with one of our experienced bankers or contact Discovery Bank today, to determine whether a commercial real estate loan is right for you.