A Belco Commercial Real Estate Mortgage can accommodate your long-term real estate financing needs:
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Purchase real estate for business use
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Provide long-term financing for capital improvements
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Purchase of fixed assets
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Refinance your existing mortgage for more advantageous terms
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Repay an investor
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Other long term legitimate use
Your Belco Commercial Real Estate Mortgage may be approved for a term of up to ten (10) years with monthly payments of principal and interest based on a term of up to twenty-five (25) years so as to provide you with maximum affordability. Interest rates are usually fixed for the term of the loan.
A first lien is usually required on your commercial real estate with a maximum loan to value ratio of 80%. Maximum loan to value will depend on the nature of the real estate and cash flow.
As with all of our Belco business loan products, you may use the convenience of your own computer in the comfort and security of your office or home to transfer funds from your Belco Business Checking Account to make monthly payments on your Belco Commercial Real Estate Mortgage with our automated online system, belco@net. Or, you may request us to automatically transfer monthly payments from your Belco Business Checking Account to your Belco Commercial Real Estate Mortgage.
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