Real Estate Loans
Parkway Bank is strongly focused in the area of real estate lending and has created several real estate lending options available for your business.

Commercial Mortgages—We offer mortgage loans to purchase or refinance commercial buildings, secured by the specific property financed. Rates are typically fixed and pricing is negotiable. The term of this type of loan is a 4-year balloon with 15 to-20-year amortization period.

Owner-Occupied Industrial Property Mortgages—These loans are offered to purchase or refinance owner-occupied industrial property, secured by the property being financed. Rates are typically fixed and pricing is negotiable. The term is typically a 4-year balloon with 15 to-20 year amortization period.

Construction Loans—Parkway Bank offers construction loans to developers for various real estate projects including (but not limited to) single-family residential, multi-family residential, retail strip centers, industrial facilities and office buildings. These mortgages are secured by the specific property financed and usually have variable rates. Pricing is negotiable and loan term is 1 to 2 years.

Land Acquisition/Development Loans—These loans are used to purchase land and complete land improvements for both residential and commercial properties. Secured by the specific property financed, these loans typically have a variable rate and negotiable pricing. Term is usually 1 to 2 years.

Income-Producing Real Estate Mortgages—Parkway Bank offers mortgage loans to purchase and refinance income producing real estate including (but not limited to) apartment buildings and retail shopping centers. These mortgages are secured by the specific property financed and usually have fixed rates. Pricing is negotiable and loan term is 4-year balloon with 15 to-25 year amortization period.

Please print and fill out the Personal Financial Statement to get started with the loan application process.