Business Real Estate Mortgages

Commercial Real Estate Loans*

Whether you’re looking to purchase, renovate, or refinance your commercial real estate, Santander can help. Featuring competitive terms and commercial mortgage rates, our Commercial Real Estate Loans are designed to match your business needs.
Purchase
Refinance/Cash Out

Commercial Real Estate Financing For Purchase

Choose a Commercial Real Estate Loan to purchase, refinance, or renovate your owner-occupied property.* Get the financing you need and benefit from competitive interest rates, closing costs, and fees, as well as the expertise of a lending specialist. 
Predictable
Predictable
Choose from 5- or 10-year fixed interest rates.
manageable
Manageable
Borrow for up to 25 years with no balloon payments for loans up to $1,500,000.
Cost-effective
Cost-effective
Get a rate discount when your payments are automatically debited from your Santander Business Checking account.2

Commercial Real Estate Loans to Refinance/Cash Out

There’s so much you can do with a Refinance or Cash Out loan. Whether you wish to reduce your current commercial real estate interest rate, make leasehold improvements, or fund other important projects, you’ll enjoy competitive interest rates and fees, and helpful advice from a banking specialist.
Flexible
Flexible
Borrow up to 80% loan-to-value.
Cost-effective
Cost-effective
Enjoy flexible repayment terms and attractive interest rate options.

Compare a Commercial Real Estate Loan to our other lending options

Whatever your financing needs, we’ve got a lending solution that makes sense for your business. Explore your choices using this comparison chart. 
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Business Line of Credit
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Business Term Loan
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Business Owner-Occupied Commercial Real Estate Mortgages
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Business Equipment Finance
Great Choice For
 
Short-term working capital financing needs
Financing needs requiring longer term to pay
Purchase, renovate, or refinance owner occupied commercial real estate
Financing equipment and vehicles
Potential Uses
  • Finance accounts receivable
  • Purchase inventory
  • Support seasonal cash flow fluctuations
  • Acquire fixed assets
  • Refinance non-Santander debt with fixed monthly payments
  • Acquire commercial real estate
  • Improve or expand existing building
  • Refinance non-Santander existing real estate debt
  • Acquire vehicles or equipment, some of the qualifying vehicles and equipment include medical, construction and agricultural
Available Amounts and Details
Revolving lines for amounts starting at $10,000
Minimum amount to borrow $10,000
Minimum amount to borrow $25,000
Minimum amount to borrow $50,000
Lenght of Loan
Revolving with renewals occurring once a year for lines of credit no greater than $350,000.
From 3 years to 7 years
Up to 25 years
From 3 years to 10 years
Additional Benifits
  • Unsecured lines up to $100,000
  • Fixed interest rates 
  • Finance up to 80% of the lesser of the purchase price or appraised value
  • Available 100% financing of costs including taxes, freight, installation, software, warranties and training
  • Low fixed or floating rates available

Discover Additional Services That May Benefit Your Business

Checking Accounts

Business Equipment Finance

Borrow just what you need, and take advantage of predictable monthly payments.

Learn More

Checking Accounts

Checking Accounts

Choose one of our many checking solutions, designed to fit your business.

Learn More

payments and processing

Payments and Processing

Tools to help optimize your cash flow and safeguard against fraud.

Learn More

*The products and information provided on this page are only for small businesses with annual revenues up to $3,000,000, subject to acceptance rules, credit limits, policies, and guidelines of Santander, N.A. For other Business Banking customers with a dedicated relationship manager, please contact your relationship manager directly.

1For customers with commercial exposure up to $1,500,000 cash-out is capped at 33% of the appraised property value.

2For new business owner-occupied commercial real estate mortgages from $25,000 to $1,500,000: (a) a 0.5% relationship rate discount may be available if your business either (i) has or opens at time of closing a Santander Business Checking Plus account, or (ii) has in its Santander business checking account(s) at the time of the application, a minimum balance, which required minimum balance is determined by Santander Bank in its sole discretion and is subject to change at any time at the sole discretion of Santander Bank; and (b) a 0.5% electronic payment (E-Pay) rate discount may be available if your business has or opens at time of closing a Santander business checking account, and sets up monthly E-Pay payments for the closed loan, line of credit, or mortgage to be automatically deducted from that account. Rate discounts not available retroactively or to previously or currently existing credit transactions and are at all times subject to the terms and conditions of the loan documents. Additional fees, terms, and conditions may apply. Please see your local branch representative for details.

±Owner-occupied real estate is defined as property where the owner-operating company occupies more than 50% of the gross rentable space, and generates more than 50% of the cash flow necessary to service debt; otherwise, property is considered Investment Real-estate. 

100% financing of equipment and vehicle cost is only available for businesses that have been in legal and/or operating existence for two or more years prior to the date of receipt of completed application by Santander Bank. 80% financing of equipment cost is available to businesses that have been in legal and/or operational existence less than 2 years as of the date of receipt of completed application by Santander Bank.

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