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


How to Apply

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

View our Commercial and Multi-Family Loan Application



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