Real estate prices have been at a steady increase in recent years, and that also includes commercial properties. The ability to own your commercial business property can have a number of benefits including equity building, additional revenue from other tenants, tax benefits, the ability to renovate as your business grows and more.
If you're a business owner who is expanding to a new location, or improving or refinancing your current property, you can benefit from our owner-occupied real estate program. Owner-Occupied program specifics include:
| Loan | Structure |
|---|---|
| Minimum Amount | $100,000 |
| Maximum Amount | $4,500,000 |
| Interest Rate & Maturity Option 1 | WSJ Prime minus 0.26% with a maximum maturity of 3 years |
| Interest Rate & Maturity Option 2 | WSJ Prime with a maximum maturity of 5 years |
| Interest Rate & Maturity Option 3 | WSJ Prime plus 0.50% with a maximum maturity of 10 years |
| Amortization | Up to 25 years |
| Maximum LTV | The lessor of 80% LTV OR 85% LTC |
| Fees | 0.50% origination |
| Prepayment | 3 year maturity – 3, 2, 1 5 year maturity – 5, 4, 3, 2, 1 10 year maturity – 7, 6, 5, 4, 3, 2, 1 |
You can apply online, or reach out to one of our Commercial Banking experts who will be happy to answer any questions you might have.
“All the ladies at Colonial in Colleyville are friendly, caring, and service friendly. I highly recommend this bank!”
Ruth E.
“It is so refreshing to be a customer of a business that is so concerned with customer service. From someone answering the phone and not getting a phone tree, to being greeted at the front door, to employees truly there for you. I highly recommend Colonial Savings.”
Susan D.
