Commercial Mortgage Rates

Financial Highlights

Below are some of the highlights of our financing terms. This list is not all inclusive. Please call us for other terms.

* Rates, terms and conditions are also subject to change at any time without prior notice.

Maximum Commercial Loan Amount: $7,000,000
Maximum Loan to Value Ratio: 70%
Prepayment Penalty: First Five Years
Minimum Debt Service Coverage Ratio 1.25X
Personal Guarantees Required
Business checking account required
Rates can be fixed for the first 3, 5 or 7 years
Adjusts every five years thereafter to the NY Federal Home Loan Bank five year advance rate plus 2.50% with a floor of the initial rate. Maximum
Amortization/Maturity 25 years.
$500 Non-refundable Processing Fee

For more information and for a commercial real estate loan application, visit your local branch or call (201) 862-8260 Ext. 1124.