Buy. Develop. Renovate. Refinance.

Whether you want to purchase, develop, renovate, or refinance a commercial property we have options for you.

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


  • 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 

  • 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

  • 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
  • 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 
Use this calculator to estimate your debt service coverage with a new commercial loan. If your debt service coverage is greater than 1.25, including your new loan payment, you have a good chance of being approved.

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Fraud Protection

Safeguard your ACH and check transactions with tools that will help reduce your risk.  

Fraud Protection

Payment Processing

Securely process your remittances and have funds deposited into your account quickly with lockbox service.

Lockbox Services

Reporting Services

Achieve optimum cash positions, even if you operate multiple locations or have more than one bank, with our full range of reporting solutions. 

Reporting Services

Treasury Services

No matter what kind of business you operate, our treasury and cash management services will help save your company time and money.

Treasury Services

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.
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