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Commercial Real Estate Loans

Loans to Put Your Business in the Right Space

Every business has unique needs for what its space requires. If your business is centered around retail, you need an inviting space where people want to shop and has plenty of room for your inventory. If you have a manufacturing business, you need space for all your equipment. Regardless of the type and size of your business, you need a lender who will work with you to get you the commercial real estate loan that will put you in the right space. Our lenders will help you determine what the best loan option is to help your business be successful. Contact us online or reach out to one of our commercial lenders to discuss your business’ real estate lending needs.

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Types of Commercial Real Estate Loans

Whether you’re looking to purchase an existing commercial space that is ready to meet your needs right now, or you want to purchase land to develop and build out facilities to match your exact needs, we have a loan solution for you.

Loan TypeWhat You Need to Know About This Loan

Mortgage & Improved Property Loans

These loans are most often used to make improvements or purchase new property for your business. They can be used for retail centers, office buildings, multi-unit apartment complexes, industrial property, warehouse space or churches. You can apply for a new loan or refinance an existing loan.

Construction Loans

Available for borrowers wanting to cover the construction costs associated with building new facilities. These loans are secured by the first mortgage on the property and generally require at least 25-50% of the project to be pre-leased or pre-sold. These can be used to build commercial properties or residential units that will generate your income.

Land Development Loans

This loan is for borrowers wanting to develop property on currently undeveloped land or to further build out infrastructure on partially developed property. We recommend these loans for experienced borrowers with a history of development who are able to make the monthly payments and repay the loan in one year or less.

Developed Lot Loans

If you’re an experienced contractor looking to finish construction of residential property on developed lots, this loan can fund the project. The lots must be located in a qualified development and must have infrastructure and utility work already completed.

Contact Our Commercial Lenders

Rick Gard

Rick Gard

Vice President, Commercial Lending

NMLS: 1841969

Location: Schererville Office

Phone: (219) 440-5990

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Brian Specht

Brian Specht

Senior Vice President & Credit Manager

NMLS: 791121

Location: Schererville Office

Phone: (219) 440-5990

Contact Me