A Term Loan is ideal for financing fixed assets such as buildings, equipment, leasehold improvements and permanent working capital. Term loans are usually payable in monthly installments over three to seven years. Terms for real estate projects can be extended for up to 15 years. In either case, payments can be based on longer term amortization schedules. Interest rates can "float" with the Prime Rate or LIBOR, or can be fixed for up to seven years. Such fixed rates are based upon an increment over base rates published by the Federal Reserve. (Learn more about interest rates and indexes used by various financial institutions.)

If you are interested in income producing investment real estate, click here for information and assistance from our Real Estate Lending group.

 

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