Investing in your own commercial property is a big step. Whether you’re buying an existing building, expanding your operations, or refinancing a commercial property you already own, Allied First Bank can help. We offer a variety of commercial term mortgage loans on most types of commercial real estate at competitive interest rates, with maturities and loan terms tailored to meet your needs.
Additional features include no prepayment penalty options, up to 30-year amortization, and no reserves or impounds required for taxes and insurance. Our commercial loan team will work with you and be there with a quick response to your loan request.
Investment Property
If you are looking to purchase a rental property, or if you are currently a real estate investor, we can provide you with great secondary market loan products and rates for purchase and refinances of 1-4 unit properties up to 100% of the appraised value.
If you are investing in properties with 5 or more units, the Allied First Bank commercial loan team is ready to help with your special needs.
Residential Construction & Land Acquisition
Competitively priced Residential Construction loans are offered to qualified builders on a speculative or pre-sold basis. Allied First Bank has the experience and understanding to solve your lending needs. Residential construction loans are available up to 80% of the appraised value with a fixed rate, interest-only payments, and a one-year maturity. Fees for loan costs and out-of-pocket expenses may apply.
Allied First Bank also offers loans to builders for the acquisition of improved residential lots for near-term residential home construction. An “improved lot” refers to a portion of land that already has road access and utilities in place to the lot boundary, and has additionally been approved by the city or county as a separate parcel of land on a parcel map.
Land acquisition loans are offered with maturities up to 24 months. The maximum loan amount will be the lower of 70% of the appraised value or purchase price.
