close search Clear Searchbar

How we can help meet your business needs.

We understand that every business has unique needs. That’s why we offer tailored solutions designed to support your business growth, whether you’re acquiring, developing, or renovating commercial properties. Our team works with you to structure loans that fit your goals, helping you make the most of your real estate investments. From office buildings and industrial spaces to multifamily housing and retail centers, our lending experts bring your project to life.

  • Acquisition financing: Secure the capital needed to acquire new properties or expand your real estate portfolio.
  • Construction loans: Fund your next development project with flexible financing that aligns with your construction timelines and budgets.
  • Bridge loans: Temporary financing options to support property transactions, bridging the gap between buying and selling or refinancing.
  • Refinancing options: Optimize your cash flow with competitive refinancing options for your existing commercial real estate loans.
  • Owner-occupied loans: Custom financing for businesses looking to purchase or refinance the property they operate in.
23153 Upb9 Construction Sign Render Alerus Press Release.final.resize

Frequently Asked Questions

What is commercial real estate (CRE) loan?

A commercial real estate (CRE) loan is a type of loan used to finance the purchase, development, or refinancing of commercial properties, such as office buildings, retail spaces, industrial warehouses, multifamily apartment complexes, and other income-generating properties. Unlike residential mortgages, CRE loans are specifically designed for properties intended for business purposes rather than personal use.

CRE loans are often sought by businesses, investors, or developers looking to expand their operations, invest in property, or finance large commercial projects. These loans can vary in terms of loan size, interest rates, repayment terms, and the type of collateral used, depending on the nature of the property and the borrower’s needs.
Some key features of CRE loans include:
  • Loan terms: Typically shorter than residential loans, often ranging from 5 to 20 years.
  • Down payments: Generally require larger down payments, typically around 20% to 30% of the property’s purchase price.
  • Interest rates: Can be fixed or variable, depending on the type of loan and lender.
  • Repayment structures: Some CRE loans may be structured with interest-only periods or balloon payments at the end of the loan term.
These loans are vital for businesses looking to acquire, expand, or improve their real estate holdings, as they provide the necessary capital to complete large-scale transactions.
Do you offer fixed or variable interest rate options?

Yes, we offer both fixed and variable interest rate options to meet your financial planning needs and risk tolerance.

What is the application process like?

Our streamlined application process ensures you receive timely responses and personalized guidance every step of the way. Contact us today to get started.

alerus image accent

Ready to explore lending options that can help your business grow?

Our experienced lending specialists are here to provide personalized solutions and guide you every step of the way. Contact us today to learn more.

Contact us Visit a location near you