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Eastern Savings Bank specializes in unconventional financing of commercial properties.
Program Highlights
Nationwide lender
Loans based on collateral and property income, not credit scores
Commercial properties considered
Loans up to $20,000,000
Cross-collateralization available
LTVs up to 75% *(LTVs will vary by state.)
Acceptable Collateral Includes
Apartment or multi-family residential (defined as 5 or more residential units)
Strip shopping centers
Professional/office space
Storefront properties
Warehouse/industrial buildings
Storage Facilities
Multi-family
Mixed-use - i.e., one or more residential units with one or more commercial units
Hotels/motels - flag with strong operating income
Retail buildings
Land aquisition, development & multi-lot sell-out (improved/developed lots)
Other commercial properties - case-by-case basis
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