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| We offer commercial real estate loans for various purposes. |
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First Reliance Bank makes commercial real estate loans to qualified borrowers for:
- acquiring and/or developing land
- construction or improvements
- interim financing of completed or existing real estate projects
The following are property types generally considered “commercial real estate”.
- Office Building
- Office Condominiums
- Shopping Centers (Local Strip)
- Warehouse/Manufacturing Facility
- Apartments
- Special Purpose-restaurants, retail stores, self-storage, churches, athletic clubs, auto dealerships, etc.
Repayment Option
5-year balloon with a 15-year amortization is the standard term for a commercial real estate loan.
Monthly payments would include principal plus interest payments.
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