Commercial Mortgage
Purchase, refinance, or renovate owner-occupied properties.
Flagstar Bank offers a wide range of mortgage solutions for businesses looking to finance commercial real estate. We’ll work with you to help purchase, refinance and/or renovate your property.
KEY ACCOUNT FEATURES:
- Range of maturities and rate options available
- Used for purchase, refinance, and improvements
- Collateral may be owner-occupied commercial real estate
- Repayment terms include principal and interest
- Fixed or floating interest rate
- Fees may include an application fee, origination fee, annual fee, and/or out-of-pocket costs
TO BE ELIGIBLE FOR THESE PROGRAMS YOUR BUSINESS SHOULD:
- Meet established lending requirements and obtain credit approval
- Be established for at least two years
- Have a satisfactory business and personal credit history
- Have no bankruptcies
- Be profitable with sufficient cash flow to meet both your new and current financial obligations
- Have adequate business income to support the term loan with no reliance on investment income
TO OPEN AN ACCOUNT:
- Download and complete a business loan application
- Collect the necessary paperwork as outlined in the application checklist
- Apply at your local Flagstar branch
You may also be interested in:
Business Credit Cards
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Business Checking Accounts
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Business Savings Account
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