Commercial Real Estate
Because time is often critical in the implementation
of your company's strategies, the due diligence and approval process relating
to your request is important. That's where First Indiana Bank's local underwriting
and approval processes make the difference. Our streamlined due diligence
and local decision makers make it possible for us to be more responsive than
other banks that must wait for decisions from outside the market.
Construction Lines of Credit
This type of credit provides interim funding to support the development and construction of commercial or industrial real estate. Funds are advanced at specific stages of construction and are repaid at the end of construction and lease-up period by a permanent mortgage.
Mini-Perm Commercial Mortgages
This three-to-five year loan is used to bridge the time period between the completion
of construction and obtaining a long-term commercial mortgage. The difference
between this type of loan and construction is that the property is ready for
occupancy.
Land Acquisitions and Development Loans
These loans are used for the purpose of purchase and development of real
estate for the construction of residential communities. If you are
growing your business or launching your next real estate project, First
Indiana Bank can tailor a loan program that may help you bring everything
in on time and within your budget.
Commercial Real Estate Term Loans
These term loans are available to purchase or refinance all types of owner occupied and non-owner occupied income-producing commercial properties including shopping centers, apartments, office buildings, industrial facilities, automobile dealerships, and health care facilities.
Warehouse Lending
A specialized type of lending that commercial banks and other finance institutions provide to companies involved in the mortgage banking business. This loan will be made to mortgage brokers, finance companies, and small community banks to fund their residential mortgage programs.
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