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Beverly Cooperative Bank is a 5 million community bank with offices in Beverly and Salem. Commercial real estate lending is an extremely important part of our lending into the communities that we serve; 45% of our outstanding loans are commercial loans. Beverly Cooperative Bank currently exceeds the proposed thresholds and the
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<p>Reliant Mortgage Company is a mortgage banking company operating across New England and in Florida that is headquartered in Beverly. Its team of more than 65 professionals offers conventional, jumbo, FHA, rural and commercial loans. Reliant Mortgage Company is the endorsed lender for the Massachusetts Police Association, as well as the Massachusetts Nurses Association. </p>
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For commercial loans there are some fees that need to be paid at or before closing, and some fees are put into the loan to be paid on an annual basis. An example of a loan fee that is paid at closing is a loan origination fee of 1 percent. 6. Commercial Loans Have prepayment penalties. commercial loans generally have prepayment penalties.
You can apply for a loan at Metro if you live, work or have a place of business in Barnstable, Bristol, Essex, Middlesex, Norfolk, Plymouth, Suffolk, or Worcester county in Massachusetts, or Rockingham or Hillborough county in New Hampshire. You can also apply for a loan if your employer offers the Metro@work program.
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Owner-occupied commercial loans. Use your equity to remodel or expand your growing business. Your commercial property offers perks like tax breaks and stability from unexpected rent increases with a fixed-rate loan.
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