Commercial Real Estate Lending
Our local bankers take a consultative approach to commercial real estate lending by getting to know you and your business to help determine the right loan package. Let a TowneBank banker help you with the loan package that's right for your business goals.
Types of Real Estate Loans
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We offer commercial real estate construction loans to build retail stores, office buildings, manufacturing facilities, multi-family residences, storage facilities, and more.- Borrow funds, up to a predetermined amount to acquire land and to construct owner-occupied buildings for investment property
- Make interest-only payments on the outstanding balance until construction completion
- Convert your loan to a permanent term loan when construction is complete
- Enjoy specific terms and conditions tailored to fit the individual needs of your business or investor
- Select competitive rates and terms according to your loan size and loan-to-value ratio
- Guidance lines of credit are available to provide residential builders with funds to construct new housing. These lines often are used to inventory residential lots
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That perfect piece of land might be within reach. Our land acquisition loans can fit short and long-term plan for land use. Imagine the possibilities!- Flexible payment plans for land purchases, including short-term interest only and long-term installment loans
- Generally, we finance up to 65% of purchase price or appraised value, whichever is less
- Requests may be land-only or include current or future options for construction-permanent financing
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If you are looking to purchase or refinance a property for office space, warehousing, or as an investment, we can help.
Our flexible options can provide competitive rates and personal service.- Long-term financing for the acquisition or refinance of owner-occupied or investment real-estate.
- Funds are dispersed at closing and repaid in regular installments of principal and interest
- Competitive rates and terms vary based on loan size and loan-to-value ratio
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Gain access to capital markets through non-recourse financing. Some of the benefits include:
- 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 and USDA loan agent & orginations
- Tax-exempt bond financing
- Low income housing tax credit
Normal credit approval criteria apply
NMLS# 512138
non-recourse financing
Non-Recourse Financing
Gain access to capital markets for commercial real estate through non-recourse financing.
Towne 1031
Towne 1031 Exchange
Tax advantages for investors who plan to sell investment property and acquire a replacement.