Instant Access to Capital Markets

Low cost funding, with a fixed-rate, long term loan.

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 $1.5 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 and USDA loan agent & originations
  • Tax-exempt bond financing
  • Low income housing tax credits

All asset classes: credit tenant lease (CTL), convenience store, multi-family, shopping centers, hotel or motel, medical offices, senior living, industrial warehouses, self-storage facilities, or specialty retail store, TowneBank Commercial Mortgage can help by providing low-cost non-recourse capital sources.

Recently Closed Non-Recourse Loans

  • $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

Normal credit approval criteria apply

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