Commercial Mortgage
Purchase, refinance, or renovate owner-occupied properties.
Flagstar Bank offers a wide range of mortgage solutions for businesses looking to purchase, refinance, and/or renovate commercial real estate property. We’ll work together to craft the right financing plan, look at commercial mortgage rates, and determine terms that work for you and your business’ goals.
FEATURES YOU’LL LOVE:
- 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
- Low fees may include commercial mortgage loan origination fee and/or out of pocket costs
TO BE ELIGIBLE FOR A COMMERCIAL MORTGAGE APPLICATION, 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
- 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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Loans and lines of credit are subject to credit review and approval and underwriting terms and conditions. Loan repayment via auto-debit from a Flagstar checking account is required for all loans. Established credit criteria must be met. Apply at your local Flagstar branch. Fees may include a set-up fee, annual fee, and out-of-pocket costs.