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