On Thursday, January 18th, our Nags Head, Southern Shores and Corolla locations will remain closed due to icy road conditions. All other TowneBank locations will open at 11 a.m. to serve our members. Thank you for choosing TowneBank!

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David Beatty

Get instant access to capital markets for commercial real estate.

David Beatty, President, TowneBank Commercial Mortgage

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Non-Recourse Financing

TowneBank Commercial Mortgage provides instant access to capital markets for commercial real estate. Under the leadership of David J. Beatty, President, over $1 billion in commercial income property mortgages have been funded through numerous capital market sources.

• Provides low-cost funding

• Fixed rate, long term and non-recourse financing

• Funding in the $500,000 to $75 million range

• VHDA approved mortgage banker

• FANNIE MAE, HUD and Freddie Mac

• SBA loan agent & originations

• Tax-exempt bond financing

• Low income housing tax credits

All asset classes; multi-family, shopping centers, hotel or motel, medical offices, warehouses, mini-storage facilities, or specialty retail store, TowneBank Commercial Mortgage can help by providing low-cost capital sources.

Recently Closed:

  • $6,000,000 office complex                     
  • $3,000,000 medical office                      
  • $3,600,000 shopping center    
  • $35,000,000 of apartment financing
  • $27,500,000 hotel
  • $19,000,000 office warehouse

For More Information

Contact David Beatty at 757-628-6360 or send an email.
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