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. 

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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

Choose from 5- or 10-year fixed interest rates.

Manageable

Borrow for up to 25 years with no balloon payments for loans up to $1,500,000.

Cost-effective

Get a rate discount when your payments are automatically debited from your Santander Business Checking account.2

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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

Borrow up to 80% loan-to-value.

Cost-effective

Enjoy flexible repayment terms and attractive interest rate options.

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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. 

  woman hanging seasonal sign
Business Line of Credit		 man pulling rope out of water on side of boat
Business Term Loan		 man and woman looking at blueprint
Business Owner-Occupied
Commercial Real
Estate Mortgages±		 robotic manufacturing arm
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
Length 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
Benefits
  • Unsecured lines up to $100,000
  • Fixed interest rates 
  • Finance up to 70% 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
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Discover Additional Services That May Benefit Your Business

Business Equipment Finance

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

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Checking Accounts

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

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Payments and Processing

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

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*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.