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This paragraph contains a brief description of the product ...
| Commercial: Lending: Com'l Real
Estate Loans |
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Use of funds |
Real estate loan (1st Mortgage) -
purchase or refinance owner-occupied
commercial/industrial property
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Purchase owner-occupied commercial
property (no refinance) |
- Long-term working capital
- Make property improvement /
expansions
- Introduce new product
- Refinance existing debt
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Loan amount |
$250,000 - $15,000,000
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Up to $3,500,000 |
$250,000 - $15,000,000
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Term |
1, 5 or 10-year loans: amortized over
30 years |
- First Fed portion (50%): 1, 5 or
10-year loans amortized over 30
years
- SBA portion (40%): 20 years,
fully amortized
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1, 5 or 10-year loans: amortized over
30 years |
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