We understand real estate. Every project in every location is different and the value of the real estate is not always obvious. We understand that the developer will create value. We also understand leverage and return and we understand that time is of the essence. We offer a wide variety of real estate loans including construction loans, bridge financing, rehabs, re-finances, and mini-permanent loans. We will consider floating and fixed financing and we will structure the deal to fit your needs. We have done a variety of commercial real estate lending including:

• Retail
• Industrial
• Office
• Multi-family
• Condominiums
• Tax Credit Financing
• Commercial Land Acquisition and Development
• Hotels
• Golf Courses and Resort Properties
• Mini-Storage 

The residential real estate market has been the driving force behind our economy for many years. Home ownership is still the American dream and with our full service mortgage department, it only makes sense for us to offer residential development and construction solutions. This includes guidance lines to experienced builders and developers. These loans typically have floating rates and self liquidate through the sale of the property. We offer both spec and build jobs, including models.

Opportunity, advice and exceptional service define the perfect business relationship. Enhance your vision and hard work with your banker’s problem solving skills. Let our bankers mold Lines of Credit that fit your needs. Whether you're expanding, retooling, branching into new ventures, or simply in need of temporary cash to finance a sudden upswing in business, lines of credit provide a source for short term funding needs. Repayment is usually structured to be interest only on a monthly basis with one or two year maturities and a variable rate.

Term loans provide a source of larger term funding for special equipment purchases, vehicle purchases, or other needs. We finance loans for purchases, property expansion, acquisitions funding, or to refinance a contract to a former owner. Repayment is usually structured like a typical loan to provide monthly payments of principal and interest. Terms generally require repayment within seven years, with an option for variable rates.

• Purchase or renovate real estate.
• Purchase or upgrade real estate to operate your business, construct a business facility or make improvements to an owner-occupied property.
• Purchase fixed assets. Includes assets such as heavy machinery or specialized equipment.
• Borrow working capital.
• Manage day-to-day cash flow and purchases.

• SBA loans are typically easier to qualify for than conventional business loans
• Longer repayment terms provide lower monthly payments
• You can borrow up to 90% of the collateral's value
• Any applicable fees may be financed directly into the loan

SBA 7(a) Program:
SBA 7(a) can provide funds for a variety of business purposes. Proceeds can be used to fund equipment purchases, business acquisitions or expansion, finance permanent working capital or purchase real estate.  

SBA 504 Loan Program:
Loan proceeds can be used to purchase real estate or equipment. These loans are generally designated for projects over $500,000 and require the use of a Certified Development Corporation.

Use a Letter of Credit from 1st Financial Bank to:

• Back agreements and contracts
• Prevent funds from being tied up in deposits
• Use your money where you need it