Real Estate Loans Tailored to Your Business
At MidWestOne, we’re committed to supporting your business’s real estate needs.Whether you’re looking to purchase new property, refinances your existing loan, or construct a commercial property, our comprehensive loan offerings are designed to empower your growth. Contact our team.
Commercial Real Estate Loan Offerings
Commercial Mortgage Loans
Our commercial mortgage loans provide flexible financing options for various property types. Here’s what we offer:
- Fixed or Variable Rates: Choose the rate structure that aligns with your financial strategy.
- Fixed Rates for Up to 15 Years: Enjoy stability and predictability with our fixed-rate options, subject to certain qualifications.
- Fully Amortizing Loans: Spread your payments over the loan term for gradual repayment.
- Balloon Rate Loans: Ideal for short-term financing needs, with a lump-sum payment due at the end of the loan term.
- Swap Transactions: Explore long-term fixed-rate options through interest rate swaps.
Commercial Construction Loans
In addition to our real estate financing options, we offer commercial construction loans to support your building and renovation projects. Here’s how they work:
- Short-Term Financing: Commercial construction loans cover the costs associated with constructing or renovating commercial properties.
- Draw Schedule: Lenders disburse funds in stages (known as “draws”) as your construction project progresses.
- Interest-Only Payments: During construction, you’ll typically pay only interest on the amount drawn to date.
- Refinancing Options: Once construction is complete, costs increase significantly. Plan ahead for higher payments by considering refinancing or a commercial real estate loan to pay off the balance.
- Construction-to-Permanent Loans: Some of our commercial construction loans seamlessly transition into longer-term loans, allowing you to continue payments with the same lender.
Commercial Properties We Finance
Manufacturing Facilities
Whether you’re expanding production capacity or upgrading existing facilities, we’ve got you covered.
Warehouse Space
Need additional storage or distribution space? Our loans can help you acquire or improve warehouse properties.
Professional Offices
From medical practices to law firms, our financing supports your office space needs.
Apartments
Invest in multi-family properties with our flexible loan solutions.
Why Work With MidWestOne for Your Commercial Real Estate Loan
- Tailored Solutions: Our experienced team works closely with you to customize loan terms that fit your business goals.
- Competitive Rates: Take advantage of competitive interest rates to optimize your financial position.
- Local Expertise: As a community bank, we understand the local market dynamics and can provide personalized guidance.
- We simplify the loan application process, ensuring efficiency and convenience.
All loans subject to credit approval.