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You're looking to build or renovate commercial real estate including retail, industrial, office,
apartments and mixed-use (store and apartments) property, or you want to develop a residential
sudivision.
| What it offers: |
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- No application fee
- Loan amounts from $25,000 to $5,000,000
- Mortgage rates tied to Treasury, Prime or Federal Home Loan Bank indices
- Various adjustable rate programs available
- Special Business Façade Loan program for storefront renovations from $5,000 to $50,000
- Fixed rate for initial period, then lock in for 1, 3 or 5 year intervals
- Construction to permanent financing available
- Rate caps so you know the maximum your rate can change per adjustment period and throughout the life of the loan
- LTV up to 80%
- Various point options let you choose the best rate for your situation
- Lender response to your application within 48 hours or less
- Available for commercial properties in Massachusetts
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| Terms: |
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Terms vary depending on project |
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| Rates: |
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For current interest rates for commercial construction loans, please contact
a Commercial Loan Officer |
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