Commercial Real Estate Loan Types
Whether you are constructing a new commercial property, remodeling, or expanding an existing property, our experienced team of lenders can match you with the right commercial real estate loan for your business. Ask your lender to learn more about the benefits and features of each type of loan.
Owner Occupied
Definition: You (or your operating business) will occupy at least 51% of the square footage of the building.
Ideal For: Manufacturers, medical practices, professional services, or retailers to purchase or refinance their own building.
How We Underwrite: We focus heavily on the strength of the operating entity. Since your business is the primary tenant, we analyze the cash flow of your operating company to ensure it can service the debt. We evaluate the financial strength of the operating entity and owners as well as the proposed subject property holistically to understand to inform our decision-making.
Non Owner Occupied
Definition: You are an investor purchasing a property to lease out to third-party tenants (e.g., a strip mall, office building, or multi-family complex). You occupy less than 51% of the space.
Ideal For: Real estate investors seeking portfolio growth.
How We Underwrite: We focus on Lease Quality and DSCR. We analyze the strength of your tenants, the terms of the lease agreements, and the projected Net Operating Income (NOI) of the subject property. The key metric is the Debt Service Coverage Ratio (DSCR)—ensuring the property generates sufficient Net Income to cover the debt payment on a stand-alone basis, with a healthy margin of excess cash flow.
Note: Maximum Loan-to-Value (LTV) limits are generally stricter for non-owner-occupied loans due to the increased risk profile.Multi Family
Construction Lines of Credit
Development/Builder Lines of Credit
A Note on Geography
State Bank Northwest is a community bank dedicated to our local markets. We primarily finance projects located in Spokane, Spokane Valley, Garfield, Rockford, Colfax, Palouse, and the Eastern Washington region.
To apply for a State Bank Northwest Commercial Real Estate Loan visit your nearest branch.
For any questions, give us a call or visit your most convenient branch.
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