SuperMoney
  Bank of America Commercial Real Estate Loans

Bank of America Commercial Real Estate Loans

in Commercial Mortgage from Bank of America

Unaffiliated

Bank of America Commercial Real Estate Loans

Unaffiliated

in Commercial Mortgage from Bank of America

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote

Would you recommend Bank of America Commercial Real Estate Loans to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
Minimum Months in Business 24
Loan Amount $25,000 - $5,000,000
Loan Term (Years) Up to 15 years
Minimum Revenue $250,000

Bank of America Commercial Real Estate Loans Review

Bank of America Commercial Real Estate Loans is offered by Bank of America, a bank founded in 1784 and based in Charlotte, NC. Bank of America Commercial Real Estate Loans is available in 50 states (and Washington, DC).

Bank of America Commercial Real Estate Loans FAQ

How much can you borrow via Bank of America?

Bank of America allows borrowers to apply for commercial mortgages with loan amounts of up to $5,000,000.

What is the maximum loan term you can get with Bank of America?

Bank of America offers commercial mortgages with a maximum term of 15 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What range of rates does Bank of America offer?

Bank of America offers commercial mortgages with APRs starting at 3% .

What type of guarantors does Bank of America require?

  • Individual(s)
  • Business

Does Bank of America charge a mortgage origination fee?

Yes, Bank of America may charge a loan origination fee starting at 0.75% of the loan amount.

What limitations does Bank of America set on the purpose of the loan?

Bank of America considers loan applications for business purposes, such as:

  • New Location
  • Product or Service Expansion

What are the business financing requirements for Bank of America?

To apply for Bank of America Commercial Real Estate Loans, the applicant needs to provide the following business document:

  • Business Certificate
  • Business License
  • Business Bank Account
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Origination Fee (%) Starting at 0.75%
Business Financing Requirements
  • Business Certificate
  • Business License
  • Business Bank Account
Credit Score Range 650 - 850
Guarantor(s)
  • Individual(s)
  • Business
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Minimum Months in Business 24
Minimum Revenue $250,000
Verification Documents Required
  • Proof of Identity
  • Proof of Insurance
  • Business Formation Documents
  • Government Issued Photo ID
  • Recent Bank Statements
  • Social Security Number
  • Driver License (or other photo ID)
  • Income Statement
  • Business Tax Return
  • Employer Identification Number
Collateral Requirement
  • Secured
Intended Use of Funds
  • New Location
  • Product or Service Expansion
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Frequency Monthly
Payment Options Automatic Payments
APR (Fixed APR) Starting at 3%
Loan Amount $25,000 - $5,000,000
Loan Term Up to 15 years

Be the first to rate

 

Would you recommend Bank of America Commercial Real Estate Loans to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)