Commercial Purchase / Refinance Loan

For a Rate and Fees quote call

800-390-7536

Commercial Purchase / Refinance Loan

This program is designed to provide a business loan to purchase or refinance a commercial property (Office Buildings, Retail Stores, Shopping Centers, Warehouse/Flex Space, 5+ Multi-Family units and most other income generating properties).

General Terms*

  • Loan Size: $100,000 to $5,000,000
  • Rates: 5.75% to 8.75%+ 
  • Loan Fees: .75% to 1.50%+
  • Application Fee: $450
  • Fast Track Closing Fee (if certain criteria is met): $1,250
  • Underwriting Fee: $450
  • Term up to 5 years available
  • Loan to Value: Typically 55% to 70%, however, up to 75% possible on high quality properties and/or high quality Borrowers. Cross collateralization allowed on other properties, if needed, for maximum or greater loan amounts
  • No pre-payment penalty
  • Minimum cash down from Borrower: 25% down on the purchase price plus closing costs
  • Owner and non-owner occupied commercial properties are eligible
    *All rates and terms subject to change without notice 

We offer Non-Conforimg (Non-Bankable) Loans on Commercial Properties for:

  • Bridge Loans
  • Short Sales / Bank Workouts
  • Bankruptcies / Foreclosures
  • Limited Documentation Available
  • Weak personal financials

Property Types

  • Multi-Family (5 – 150 Units)
  • Retail Building
  • Light Industrial
  • Office Building
  • Medical Building
  • Mobile Home Parks
  • Other types considered

Loans available in the following states: AK, AL, AR, CA, CO, CT, DE, FL, GA, HI, IA, ID, IN, KS, KY, MA, MD, ME, MI, MO, MS, MT, NC, NE, NJ, NM, NY, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA, WY

Draw Request Submitted

Thank you for requesting a draw.  You will receive an email or call confirming your draw request has been received within 1 business day.  If you do not receive confirmation, please contact our office at 800-390-7536.  Please notify us of any changes you wish to make to your request.  

Normandy Corporation

Thank you for scheduling your payment.  You should receive an email confirmation of payment within 1 business day.  If you do not receive a confirmation email within 1 business day, please call our office to confirm at 800-390-7536.