Commercial Real Estate Loans

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Are you a new real estate investor or an established business owner looking to buy your own commercial property? Wherever you are in your business or commercial real estate endeavors, BTC Bank offers commercial property loans to help you reach your goals. Commercial real estate loans, also known as commercial mortgages, provide financing for purchasing, developing, or renovating any income-generating property used for business activities. For example, retail spaces, office and apartment buildings, and hotels all fall under the category of commercial property. You can use commercial construction loans for a property you rent or for a property you occupy with your own business, such as a store or company office.

How do commercial real estate loans work?

As with a mortgage on a residential property, commercial mortgages are secured with a lien on the property. Construction lenders come in a variety of sources, from community banks like BTC to national lenders and investors. Here are some other important things to know about commercial real estate loans:

  • Be prepared to make a down payment. The down payment is dependent upon the term conditions and uses of the property. You may also be required to pay certain fees in advance for services like the property appraisal.
  • Choose a repayment schedule that fits your needs. Commercial real estate loans are generally repaid in shorter terms of a few years or longer terms of up to ten years or more. They can be amortized like a residential mortgage, in which you make the same monthly payment over the life of the loan. You usually need to have more equity in a commercial property than a residential one, which also accounts for the higher down payments on commercial real estate.
  • Create a business plan to submit with your loan application. What are your intentions for the property? Does it already have tenants? These are the kinds of questions you need to think through before you begin the purchase process, and your lender will also want to know the answers.

Choose a Community Minded Commercial Real Estate Lender

BTC Bank has been serving the business community since 1919. Today, we are proud to continue our legacy of personalized customer service and sound banking practices. We view our business loans as more than a financial product–they are a way to support vibrant main streets in the towns where our customers and employees live and work. When you partner with us on financing for all of your commercial real estate projects, you can feel good about the fact that our profits are reinvested into the communities we serve. You’ll also benefit from our flexibility and competitive rates and terms.

To learn more about commercial real estate loans and begin the application process, contact us today or visit your nearest BTC Bank location in Missouri (Bethany, Gallatin, Albany, Pattonsburg, Chillicothe, Carrollton, Boonville and Beaman) or Lamoni, Iowa.

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