Why choose a conventional loan?

Conventional loans for financing commercial real estate may offer the lowest rates, but may require larger down payments. Many small business owners are surprised that non-bank lenders also provide conventional financing for commercial real estate. Finance companies such as Pioneer Realty Capital, for example, are happy to work with small businesses to create real estate loans that work for everyone.

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Conventional Loan Details

Loan Size
  • $1 million to over $500 million
Eligible Business Size
  • All business sizes considered
Interest Rate
  • Fixed or variable
Terms and Amortization
  • 3, 5, 7 and 10 year – fixed rate loans available
  • 25 year fully amortized loan
Typical Loan Structure
  • Up to 75% loan to value
  • 25% borrower down payment (minimum)
Loan Purpose
  • Purchase existing building
  • Refinance existing building
  • Land acquisition and ground up construction (includes soft cost development fees)
  • Expansion of existing building
  • Finance building improvements
Loan Requirements
  • Owner occupied and investment opportunities considered
Collateral
  • 1st lien position on the assets being financed
  • Personal guaranties of the principal owners of 20% or more ownership required
Prepayment Penalty
  • Declining 5-4-3-2-1% (minimum)
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