Average Rates: Approx. 5 to 7 %. If you’ve been in business for 2+ years, plan on occupying at least 51% of the building, and have a credit score above 680, you may qualify for a commercial real estate loan with Northeast Bank. Northeast Bank offers competitive rates & terms on loans up to $5,000,000.
Adjustable rate means that your interest rate will fluctuate as the interest rate changes. This means that the payments on your loans over time could increase or decrease. As a result, the lenders charge higher interest rates and are hungry for lots of. the borrower’s business model, as well as the commercial building that will serve .