COMMERCIAL REAL ESTATE

Tools to Build Your Future

Community Bank has always been committed to helping our customers capitalize on business opportunities. That’s why we offer a variety of Commercial Real Estate Loans in flexible amounts with competitive terms and rates.

Our lending professionals work closely with developers, investors, and merchant builders and have the expertise to deliver for your organization. As part of Community Bank Real Estate Group, we have the financial resources to meet your requirements, whether you are constructing a new project, rehabilitating or repositioning an existing project, or funding working capital for your enterprise.

Community Bank offers a variety of Commercial Real Estate loans to help you capitalize on business opportunities.

Loan Types

Our Commercial Real Estate Group offers three types of real estate loans:

> Construction
> Bridge
> Mini-Perms/Investment Property

Property Types

Community Bank finances many different property types. Here are just a few examples:

> Warehouse/Distribution
> Manufacturing
> Commercial Office
> Storage Facilities
> Multi-Family
> Retail
> Single Family Tracts

Products & Services

> Construction loans for commercial and residential development
> Land acquisition and development loans
> Secured and unsecured lines of credit
> Interim financing arrangements for completed structures
> Long-term financing for completed structures
> Rehabilitation loans
> Letters

Loan Terms

We offer a variety of terms depending on the loan type:

> Construction Loans – up to 18 month maturities
> Bridge Loans - up to 3 year maturities
> Mini-Perms - up to 10 year maturities. Longer terms will be considered on a case-by-case basis (i.e. 8-15 years)

Advance Rates

Community Bank will advance up to 75% of the purchase price or the appraised value (as determined by the Bank). Market and other factors may impact the advance rate on individual properties.

Interest Rates

Community Bank offers both variable and fixed rates:

> Variable rates – based on Prime Rate or LIBOR
> Fixed rates – based on Bank’s Cost of Funds or Treasury Bill Rate

Loan Fees

Loan fees are based on the individual transaction.

Amortization

Community Bank offers competitive amortization terms review on a case by case basis (not to exceed the useful life of the property).

Collateral

We require a perfected first trust deed on the property to be financed.

Other

We have just a few other requirements:

All loans are subject to Community Bank’s customary due diligence, underwriting, credit approval and documentation
The borrower covers all out-of-pocket expenses, including documentation, environmental reports, soils reports, appraisals, legal, etc.