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Commercial Real Estate Lending

When it comes to real estate investments, having access to customized financing can be the difference between resounding success and a tireless struggle.

Some key advantages of choosing ChoiceOne as your commercial real estate lender are: 

  • ChoiceOne Bank is an SBA Preferred Lender 
  • SBA loans allow you to purchase or refinance real estate with a reduced down payment
  • SBA loan holders benefit from an accelerated underwriting and closing process
  • We offer flexible financing options that include your choice of a fixed or floating interest rate
  • Our selection of financing solutions covers both owner-occupied and investment real estate
  • We have experience providing real estate financing products for all industries. Including: industrial, office, retail, medical, and multi-family
  • We provide financial products that can extend the maturity and amortization periods of your loans – which can reduce your monthly payments
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Government Programs for Real Estate Financing

SBA, FHA, and HUD Loans

We are happy to help you with your applications for government loans through the Small Business Administration (SBA) and the Department of Housing and Urban Development (HUD). These loans offer favorable terms that can help you reach your real estate objectives while maintaining your financial stability.  

Some of the government programs available for real estate purchases include: 

  • SBA 7(a) loan : A loan that can be used for various business expenses, including real estate purchases, renovations, debt refinancing, and providing working capital. 
  • SBA 504 loan:  A loan that is specifically designed for the purchase of fixed assets, such as land, buildings, and essential equipment.
  • HUD 221(d)(4) loan  : A program that provides financial support for the construction or renovation of multi-family properties, such as apartments and condominiums.
  • HUD 223(f) loan  : A program for acquiring or refinancing multi-family properties that have five or more units.
  • HUD 232 loan  : A program for funding the construction, renovation, or acquisition of healthcare facilities, such as hospitals, nursing homes, and assisted living facilities. 

Talk to us about your real estate financing needs. Our commercial lending team is happy to meet with you and offer the best options available to build your dreams!