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Commercial Construction Loans

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:

 

  • 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

 

Terms:

 

Terms vary depending on project

 

Rates:

 

For current interest rates for commercial construction loans, please contact a Commercial Loan Officer

 

Our business financing options are underwritten and serviced by EBSB. Each offers competitive rates, and in many instances you will have an approval response within 48 hours. If you have any questions about East Boston Savings Bank's commercial loans or services, please consult one of our Commercial Lending Officers by calling (800) 657-3272, or click " Contact Us " to e;mail our Commercial Lending Division.

 

Member FDIC. Member DIF. Equal Housing Lender. Equal Opportunity Lender.

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