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  SunTrust Bank Commercial Mortgage

SunTrust Bank Commercial Mortgage

in Commercial Mortgage from SunTrust Bank

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SunTrust Bank Commercial Mortgage

Unaffiliated

in Commercial Mortgage from SunTrust Bank

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Highlights
Minimum Months in Business 24
Loan Amount Up to $10,000,000
Loan Term (Years) Up to 25 years
Minimum Revenue N/A

SunTrust Bank Commercial Mortgage Review

SunTrust Bank Commercial Mortgage is offered by SunTrust Bank, a bank founded in 1865 and based in Atlanta, GA. SunTrust Bank Commercial Mortgage is available in 10 states (and Washington, DC).

SunTrust Bank Commercial Mortgage FAQ

How much can you borrow via SunTrust Bank?

SunTrust Bank allows borrowers to apply for commercial mortgages with loan amounts of up to $10,000,000.

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

SunTrust Bank offers commercial mortgages with a maximum term of 25 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 type of guarantors does SunTrust Bank require?

  • Business

Does SunTrust Bank charge a mortgage origination fee?

Yes, SunTrust Bank may charge a loan origination fee up to 1% of the loan amount.

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

SunTrust Bank considers loan applications for business purposes, such as:

  • Equipment Purchase
  • Inventory
  • Lease Improvement
  • New Location
  • Payroll
  • Product or Service Expansion
  • Working capital

What are the business financing requirements for SunTrust Bank?

To apply for SunTrust Bank Commercial Mortgage, the applicant needs to provide the following business document:

  • Personal Guarantee
  • Business License
  • Business Bank Account
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Availability

  Available in 10 states and Washington, D.C.
  • Alabama
  • Alaska
  • Washington, DC
  • Florida
  • Georgia
  • Maryland
  • Mississippi
  • North Carolina
  • South Carolina
  • Tennessee
  • Virginia

Feature Breakdown

Origination Fee (%) Up to 1%
Applicant's Minimum Percentage of Business Ownership 10%
Business Financing Requirements
  • Personal Guarantee
  • Business License
  • Business Bank Account
Guarantor(s) Business
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Non-Military
  • Veterans
Minimum Age 18
Minimum Months in Business 24
Verification Documents Required
  • Proof of Income
  • Proof of Identity
  • Business Formation Documents
  • U.S. Tax Identification Number
  • Recent Bank Statements
  • Social Security Number
  • Business Tax Return
  • Employer Identification Number
Collateral Requirement
  • Secured
  • Unsecured
Intended Use of Funds
  • Equipment Purchase
  • Lease Improvements
  • New Location
  • Product or Service Expansion
  • Working Capital
  • Inventory
  • Payroll
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Frequency Monthly
Payment Options
  • Automatic Payments
  • Credit/Debit Card
  • Bank Transfer
Loan Amount Up to $10,000,000
Loan Term Up to 25 years

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