What terms are available on Commercial Real Estate loans?
Commercial Real Estate loans tend to be larger in size and since they are secured by real property collateral, amortizations up to 25 years with 10 or 15 year maturities are common.
How do I qualify for a Commercial Real Estate loan?
Qualified business applicants will present a 3-year history of positive cash flow and financial trends. We look for good credit performance of the business and owners/guarantors. Finally, we want to hear your business plan, share with us your vision for growth.
Can I roll the closing costs and fees into the Commercial Real Estate loan?
In some cases closing costs and loan fees can be included in the loan amount. Purchase transactions require an equity investment with costs typically paid in cash.
How much can I borrow for a Commercial Real Estate loan?
Commercial Real Estate loans range from $100,000 into the millions.
Do I need to be a Personal Guarantor for a Commercial Real Estate loan?
Yes. Rivermark asks all business owners to personally guarantee the business loan. Let’s both get behind your business.
Does my property need to be within the boundaries of Rivermark membership?
No, we offer loans in Oregon, Washington, and Idaho as long as the primary business is within the 11 Oregon counties we serve.