Commercial real estate is a specialized market requiring specific expertise. Whether you're buying an existing building or constructing from the ground up, Solvay Bank has the expertise to tailor a loan to your needs.
Typically secured by a commercial mortgage and assignment of rents and leases — our commercial real estate loans are available for both owner-occupied and investment properties. As with all of our business lending, take advantage of thorough, personalized service every step of the way.
Our Residential Builder Loan Program is offered to experienced local builders and developers.
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.
When you are presented with an opportunity to purchase investment property — it’s important to act quickly.
We’re proud to offer local experience and service; Providing you with solutions for funding and support for your questions when you need it.
Funding for nearly any investment property or construction project:
Need more? Ask us about participations with other upstate New York community banks.
Recourse required from financially responsible property owner(s).
Free and clear value of the property will be considered towards equity requirements.