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Business Mortgages

Bank Portfolio Commercial Mortgages

  • Long-term financing for the acquisition or refinance of owner-occupied or investment real estate
  • Funds are disbursed at closing and repaid in regular installments of principal and interest
  • Specific terms and conditions will be tailored to fit the individual needs of the business or investor
  • Competitive rates and terms vary depending upon the size of the loan and loan-to-value 
 
Construction/Permanent Mortgages
 
  • Financing for the construction of a variety of types of commercial real estate, including warehouse, office, flex, institutional and multi-family. Can be combined with permanent financing upon completion without having to refinance or incur additional closing costs.
  • Funds advanced as construction costs are incurred. Once fully funded and construction is complete, the loan can be modified to convert to a permanent mortgage
  • Specific terms and conditions will be tailored to fit the individual needs of the business or investor.
  • Competitive rates and terms vary depending upon the size of the loan and loan-to-value. 
 
Acquisition & Development Loans
 
  • TowneBank’s Real Estate Lending Division has a tremendous amount of experience in real estate development and can help guide you through the process 
  • Revolving Lines of Credit or traditional short-term loans to finance the development of commercial land or residential lots 
  • Specific terms and conditions will be tailored to fit the individual needs of the developer
  • Competitive rates and flexible terms are available 
 
Builder Lines of Credit for Residential Construction
 
  • Guidance lines of credit to provide residential builders with funds to construct new housing. Lines can also be used to inventory residential lots
  • Specific terms and conditions of the lines will be tailored to fit the individual needs of the builder
  • Competitive rates and flexible terms are available
 
 Let one of our hometown lenders assist you with the loan or line of credit that’s right for you.



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