Bank Loans For Commercial Real Estate Astoria NY

Looking for Bank Loans For Commercial Real Estate in Astoria? We have compiled a list of businesses and services around Astoria that should help you with your search. We hope this page helps you find Bank Loans For Commercial Real Estate in Astoria.

Astoria Federal Savings and Loan Association - Ditmars Branch
(800) 278-6742
31-24 Ditmars Blvd
Long Island City, NY
ATM Fees
monthly fee: Monthly service fees range from $0 to $10.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $1.50 fee each time you use a non-affiliated ATM. This fee can be waived by maintaining a balance of $2,500.00 or more OR by keeping a combined balance of $5,000.00 or more. (Fee does not apply to all accounts.)
Services
Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Unlimited Checks

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Flushing Bank - 30th Avenue Branch
(800) 581-2889
3116 30th Avenue
Astoria, NY
ATM Fees
monthly fee: Monthly service fees range from $0 to $10.00. See institution about how these monthly fees can be waived.
ATM fee note: No surcharge fee at any ATM in the Allpoint Network. Otherwise, Flushing Bank charges $1.50 each time you use an unaffiliated ATM.
(Please note: Your FindABetterBank fee estimate does not assume you will use affiliated ATMs.)

Surcharge fee: Surcharge-free ATM access is available at over 40,000 Allpoint Network ATM locations.
Services
Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided By:
Bank of America - Astoria Branch
(800) 432-1000
19-50 37th Street
Astoria, NY
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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TD Bank - Queens/Astoria-Steinway Branch
(888) 751-9000
3190 Steinway Street
Astoria, NY
ATM Fees
monthly fee: Monthly service fees range from $0 to $24.00. See institution about how these monthly fees can be waived.
ATM Fee Rebate Noe: TD Bank rebates ATM Surcharge Fees. Contact the institution for details.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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New York Community Bank - Astoria Branch
(888) 550-9888
31-42 Steinway Street
Astoria, NY
ATM Fees
monthly fee: Monthly service fees range from $0 to $5.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Unlimited Checks

Data Provided By:
Chase - Astoria Broadway Branch
(877) 682-4273
3212 Broadway
Astoria, NY
ATM Fees
monthly fee: Monthly service fees range from $0 to $35.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM. (Fee does not apply to all accounts.)
Services
Mobile & Text Banking, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided By:
TD Bank - Astoria Branch
(888) 751-9000
31-04 Ditmars Blvd
Astoria, NY
ATM Fees
monthly fee: Monthly service fees range from $0 to $24.00. See institution about how these monthly fees can be waived.
ATM Fee Rebate Noe: TD Bank rebates ATM Surcharge Fees. Contact the institution for details.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided By:
Sovereign Bank - Broadway Branch
(877) SOV-BANK
37-10 Broadway
Long Island City, NY
ATM Fees
monthly fee: Monthly service fees range from $0 to $30.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use an ATM that is not a Sovereign Bank ATM. (Fee does not apply to all accounts.)
Services
Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided By:
Capital One - Astoria Branch
(888) 655-2265
30-98 Steinway Street
Astoria, NY
ATM Fees
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Unlimited Checks

Data Provided By:
Astoria Federal Savings and Loan Association - Astoria Federal Savings And Loan Ass
(800) 278-6742
37-16 30th Avenue
Long Island City, NY
ATM Fees
monthly fee: Monthly service fees range from $0 to $10.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $1.50 fee each time you use a non-affiliated ATM. This fee can be waived by maintaining a balance of $2,500.00 or more OR by keeping a combined balance of $5,000.00 or more. (Fee does not apply to all accounts.)
Services
Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Unlimited Checks

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Bank Loans For Commercial Real Estate

Acquiring a bank loan to purchase commercial real estate has many facets. The successful entrepreneur must put himself or herself in the position of the bank and anticipate likely questions. A bank, like any business wants to insure that loans are profitable and that any chance for default is minimized. The size of the commercial real estate loan will dictate the details of the package that must be presented to the bank to acquire a loan. However, large or small loans require the following items.

The first thing a bank will require is a financial statement. The bank needs to be certain of the net worth of the potential borrower before entering into a transaction. Typically they want to determine not only the net worth of the potential borrower, but also the ability of the borrower to continue to make payments in the event of any economic downturn. Cash on hand is always an indicator of flexibility as well as the overall liquidity of the assets listed on the financial statement. A potential loan applicant that has a high net worth, but whose assets can not be turned into cash quickly, may not be as attractive a loan candidate as an individual with a lower net worth that possesses assets that can be quickly turned into cash. History is also an important consideration. A new borrower that has a history of successful commercial real estate ventures would present less risk to a bank than a start-up enterprise. However, a start-up enterprise can successfully acquire a loan if a sound plan is presented.

A business plan is a necessity. The potential borrower must be able to present a plan that outlines exactly what the future holds for the commercial property. It is incumbent upon the borrower to present a plan that considers the implications of zoning laws and potential uses for the real estate, economic outlook for the area where the real estate is located, a projected schedule for development or resale of the real estate and potential worst case and best case scenarios that will present a convincing case that the commercial real estate acquisition will be profitable.

In most cases the bank considers themselves partners in the transaction and wants to insure that the risk is minimized. A substantial down payment toward the commercial real estate is convincing evidence that the potential borrower is willing to assume some risk. Obviously, a more substantial down payment reduces the interest rate on the loan. Typically a bare minimum down payment of 5% of the purchase cost is required. A solid business plan that presents strong evidence of the worth of the property will result in a 5% down payment. Normally 10% or even as much as 20% may be required.

It is important to present a plan to more that one bank to insure that the best loan rate and term is negotiated. Banks diversify their loan portfolios. They want to spread their risk over a number of loan types such as home loans, commercial loans , lines of credi...

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