Chase offers a variety of commercial real estate financing options designed to meet the needs of business owners looking to purchase, renovate, or refinance owner-occupied real estate. Here’s a summary of what Chase provides for commercial real estate through its financing programs:
- Loan Amounts: Starting from $50,000, Chase caters to a wide range of financing needs, making it accessible for small to large projects.
- Financing Availability: They offer up to 90% financing, depending on the specific financing options selected by the borrower. This high level of financing availability can significantly reduce the down payment requirement, making it easier for businesses to acquire or invest in commercial properties.
- Construction Loans: For businesses looking to construct new properties, Chase provides construction loans with interest-only payments during the draw periods. This can ease the financial burden on businesses during the construction phase.
- Interest Rate Options: Borrowers can choose between variable or fixed interest rates, giving them flexibility based on their financial strategy and market conditions.
- Amortization and Payment Terms: Chase offers flexible payment terms with amortization options of up to 25 years. This can help businesses manage their cash flow more effectively by spreading out payments over a longer period.
- Refinancing Options: For businesses looking to lower their mortgage payments, Chase also offers refinancing options, which can be beneficial in a changing interest rate environment.
- Conventional or SBA Financing: Chase provides the option of conventional financing or SBA-backed loans, catering to a broader range of business needs and situations.
These offerings are designed to add value to businesses by eliminating leasing uncertainties and providing flexible financing options to help them grow. Whether a business is looking to buy a new property, renovate existing premises, or refinance for better terms, Chase’s commercial real estate financing can provide the necessary funds to achieve these goals.
For detailed information and to explore the best financing option for your business, it’s recommended to consult directly with Chase or visit their commercial real estate financing page【13†source】.
Additionally, it’s worth noting that Chase is recognized as a direct lender offering purchase, construction, and refinance loans for commercial real estate projects. Their loans are primarily geared towards owner-occupied real estate, which means they’re designed for businesses planning to occupy the property they’re purchasing or refinancing. This focus on owner-occupied properties suggests that Chase aims to support businesses in securing their operational premises rather than investing in real estate for speculative purposes【14†source】【15†source】.