Commercial Real Estate Loans
The success of your business success supports the economic success of your community. That’s why Neighbors supports you and your business as you take your plans to the next level. With a commercial real estate loan, your business can finance improvements to your space, expand your footprint, even cut overhead costs and create pathways for long-term stability.
How do Commercial Real Estate Loans work?
Commercial loans for real estate are different than residential home loans. Commercial real estate loans may require larger down payments than residential loans. These loans also tend to have shorter term lengths (1 to 5 years) and the amortization periods usually last longer than the loan itself (up to 25 years). This design means at the end of the loan’s term typically a lump sum payment is made, or the remaining balance is refinanced. The longer amortization period allows you to take advantage of lower monthly payments, minimizing the impact on your cash flow.
When do I need a Commercial Real Estate Loan?
Commercial real estate loans are specially designed to help businesses purchase, expand, or refinance commercial properties. You can use a commercial real estate loan to purchase or refinance:
- Commercial residential properties
- Office buildings
- Residential buildings with five or more units
- Investment properties
- Or, renovate or expand your existing commercial property
Why turn to Neighbors for your Commercial Real Estate Loan?
- Financing available for a variety of spaces including office, retail, and industrial sites
- Competitive interest rates
- Wide range of financing amounts to suit a variety of needs
- Flexible repayment options tailored to your business’s cash flow needs
- Local expertise and personalized assistance
I'm Ready to Apply! Where Do I Start?
At Neighbors Credit Union, we’ll work with you to gather all the right documents and information needed. These may include:
- Your business incorporation documents.
- Financial documents including tax returns, financial information (accounts and other debts), and cash flow records and projections.
- Property details including location, zoning, cost, taxes, construction or renovation plans
- Your plan for use of the property.
Get Started with Neighbors Today
When you’re ready to submit your application, simply give us a call at 314-892-5400 or complete the application and email it to: [email protected].
After your application is submitted, our commercial lending team will review it and then reach out to discuss terms and conditions with you. Serving our local business neighbors with timely credit decisions, great rates, expert advice, and personalized, friendly service throughout the entire loan process and beyond … it’s what we’ve been doing throughout the St. Louis metro area since 1928!
