Commercial Real Estate Mortgages
- Loans in amounts from $25,000 to $1,000,000
- Fast credit decisions
- Loan terms up to 25 years, with no balloon payments
- Loans with 5 or 10-year re-price options at competitive rates
- Loan-to-value ratio of up to 80%
- Loan-to-value of up to 70% for commercial real estate loans with cash out financing
- Rate discounts+ when payments are automatically debited by electronic payment (E-Pay) from your Santander business checking account, potentially available based on your business’ relationship with Santander
* Financing is available to qualified business applicants only. A signed and completed application, and any other information Santander Bank, N.A. (“Santander Bank”) may request as part of the application process, must be received by Santander Bank before a credit decision can be rendered. Qualification for financing and all terms, offers and rates are subject to the credit rules, policies, guidelines, criteria, and approvals of Santander Bank, which are determined by Santander Bank in its sole discretion and are subject to change at any time without prior notice. Potentially available product features noted on this webpage are for small businesses that have revenues of $3 million or less and for small business real estate loan amounts from $25,000 to $1,000,000.
+ For new commercial real estate mortgages: (a) a relationship rate discount is available if your business either (i) has or opens at time of closing a Santander Business Checking Plus account, or (ii) has in your Santander Bank 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 subject to change at any time at the sole discretion of Santander Bank; and (b) an electronic payment (E-Pay) rate discount is available if you have or open at time of closing a Santander business checking account, and set 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.