The first one of the most popular types of commercial real estate loans are terms loans. Term loans are what most people think of when they picture a business loan or any type of loan for that matter. They provide a lump sum of capital you’ll repay over regular installments.
Term loans for commercial real estate financing have long repayment periods, typically up to 5 years or more. These loans also feature an amortization period that can sometimes be longer than the term of the loan.
Funding amounts and interest rates can vary depending on the specific property you’re looking to finance, the amount of capital you have for a down payment, and your own financial criteria.
Term loans are offered by KeySavings Bank.