Commercial Real Estate Loans
CEDF provides owner-occupied commercial real estate loans up to $500,000. Real estate loans can be combined with other CEDF small business loans up to $750,000. Real estate loans are secured by a mortgage on real property to finance the purchase, development or improvement of real estate for owner-occupied property, including mixed use.
What types of owner- occupied properties are eligible for a commercial real estate loan?
CEDF will consider making mortgage loans that are secured by the following types of owner- occupied properties:
- Commercial / industrial
- Office buildings / office condos
- Retail properties
- Mixed-use facilities (retail / office / residential)
What are the requirements for a commercial real estate loan?
Loan Eligibility Requirements ›
- The owner of the business applying must have been in business for three years or longer
- The owner must have a business located or to be located in the building occupying 51% or more of the space (i.e. no pure investment real estate)
- Fixed interest rates with a maximum 25 year amortization
- Personal guaranty from all principals involved
How can I apply for a commercial real estate loan?
- Submit a Loan Inquiry Form.
- Following your inquiry you'll be shown a page with our Loan Application and related required submissions. We provide a checklist of what you'll need.
- When you are ready, make the submissions electronically from our website.
- Don't forget all of the needed supporting documents. Incomplete submissions will slow down processing of your request.
| Purpose | Amount | Rate | Term | Structure | |
|---|---|---|---|---|---|
| Term Loan | Working capital (including start-ups), inventory, equipment, refinance current debt | $1,000 up to $50,000 | Fixed | Up to 6 years | Monthly payment of principal and interest. Cannot revolve, no balloon or call provisions. No prepayment penalty. |
| $5,000 up to $250,000 | Fixed | Up to 10 years | |||
| Commercial Real Estate Loan | Purchase of owner occupied commercial real estate property | Up to $500,000 | Fixed | Up to 25 years | Monthly payment of principal and interest. Cannot revolve, no balloon or call provisions. No prepayment penalty. |
| Line of Credit | Seasonal or cyclical operating cash flow needs | $5,000 up to $250,000 | Variable | Short-term financing; one year renewable | Monthly payment of interest only, only on the amount outstanding. The line revolves as you use it and repay it. No prepayment penalty. |