Commercial 1st Mortgage
Our Commercial 1st Mortgage Loan product has competitive rates for commercial real estate purchases or refinances.
- Fixed rate financing available 1st mortgage lien holder positions necessary
- 1st mortgage lien holder position necessary
- Maximum loan to value (LTV) is 75%
- Rates are based on market pricing
- Loan processing and documentation fees apply (appraisal, recording fees, title work, etc.)
- Origination fee
- No penalties for early payoff
- Maximum amortization of 30 years with a 5-year or 7-year balloon
- Real estate must be located in Idaho
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What if I don’t want a balloon payment?
Actually, although a balloon payment may seem inconvenient, at the time of the balloon your information is updated and the note may be rewritten.
Why should I choose a Commercial 1st Mortgage with Les Bois CU?
The rate and closing costs for our Commercial Real Estate loans are very competitive within the market place.
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