Commercial Real Estate Loans
Get a customized loan for your business
Drummond Community Bank offers a variety of services tailored especially for business relationships. We offer business mortgage services for these business needs:
Commercial Real Estate Financing: Mortgages for the purchase of a commercial property.
Construction Financing: A type of short-term financing to cover the costs of your commercial construction project.
Business Expansion: Financing for a variety of expenses related to the expansion of your company such as acquiring new locations, hiring additional staff, equipment purchases, and more.
Call us today or visit your nearest Drummond location for assistance with Commercial Real Estate Loans.
Get a commercial mortgage in North Florida!
At Drummond Community Bank, our mission is simple. We strive to provide you with the very best banking services and sound business decisions all while giving back to the Florida communities we serve. To you we may just be a bank, but we’re a bank that wants to help you and your money grow.
If you seek a relationship and not just a bank, we are here to serve you. We are different from most other financial institutions because we:
Make it easy.
Act with a sense of urgency with fast decisions and funding.
Maintain ongoing communications to constantly understand the changing needs of our clients.
If you’re looking for commercial real estate financing or an investment property mortgage in North Florida, visit one of our branch locations in Bronson, Cedar Key, Chiefland, Cross City, Crystal River, Gainesville, Lake City, Ocala, Trenton, and Williston!
Ready to Start?
We’re always here to help your business. If you need help figuring out what your best move is, let our team walk you through your options.
What is a commercial mortgage?
Because each business is unique, we structure finances around your business’ needs. Our team of business bankers will work with you to offer something that will complement your business. We can work with you on options such as:
- Terms
- Equity/Cash Options
- Interest Rate Choices
- Collateral Alternatives
- Sources of Repayment
- Small Business Administration (SBA) Support
A space designed specifically for your business
A Build-to-suit building is designed and tailored for a specific tenant, often because the tenant is unable to find suitable space in the speculative market. A build-to-suit project is usually contracted with a developer who owns and operates the completed facility which is then occupied by the tenant. Generally, a build-to-suit project becomes a single-tenant building upon completion
Frequently Asked Questions:
What makes commercial real estate so different from residential real estate?
Among many differences, the biggest is probably the due diligence period. For residential sales this is usually a quick 30-45 days with a quick inspection period within that period. On the commercial side of things, the inspection period is more extensive, and the due diligence period can last many months.
What is a commercial real estate cap rate?
Cap Rate, or Capitalization Rate is how your broker will determine the potential return on investment (ROI) of a property.
What kind of properties are considered to be “Commercial”?
The term “commercial” related to property types typically refers to real estate property that is used for business activities (for example: retail, office, or industrial properties) or to generate a profit (example: multifamily properties or development land). The designation of a property as a “commercial property” impacts financing options and often has tax implications.
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