The First offers financing for the purchase, renovation, or refinance of commercial properties such as office space, warehouses, or stores. Another way to classify commercial property is to think of it as income-earning. Known as a Commercial Mortgage, this type of loan is commonly used to:
- acquire a business property
- refinance an existing commercial mortgage – with or without new funds
- pay for major renovations and repairs to a business building
One of the benefits of using a business mortgage loan to achieve your commercial property goals is the ability to preserve your cash assets for other needs. You can choose the best repayment schedule for your needs and budget: immediate-term loans or long-term loans.
The application process and fee schedule for small business mortgage loans is a little different than for residential mortgages. That’s why it pays to work with a local lender like The First. We’ve helped generations of businesses reach their financial goals since 1864. From personalized attention to a nuanced understanding of the Bucks County commercial real estate market, our business lenders are committed to providing outstanding customer service.