Commercial Real Estate
Commercial real estate is a specialized market requiring specific expertise. Whether you are buying an existing building or constructing from the ground up, Solvay Bank has that expertise to tailor a loan to your needs. As with all of our business lending, experience personal service at every step.
- Commercial
These commercial mortgage loans are offered for either purchase or refinance of commercial properties and are typically secured by a commercial mortgage and assignment of rents or leases.
- Owner-occupied commercial, industrial, retail and office facilities
- Short-term construction loans with permanent mortgage commitment
- Fixed or variable rates
- Typical terms of 15-20 years
- Competitive interest rates
- Residential
Our Residential Builder Loan Program is offered to experienced local builders and developers.
- Subdivision construction loans
- Construction loans for single family contract houses
- Variable interest rates
- Loan advances based on percent complete
- Competitive interest rates and closing costs
- Construction Loans
We can provide financing for short-term construction loans or for a combination construction loan that converts to a permanent mortgage upon completion. This not only simplifies paperwork, it can save thousands in closing costs.
- Local decision making
- Customized personal service
- Competitive rates
- Periodic draws on amount
- Short-term construction loans available
- Can convert to mortgage
- Save thousands in additional closing costs
