Commercial Loan Products
At Norwood Bank, our business is helping your business succeed. Our business banking experts will put together a commercial lending package that will provide the financial backing your company needs to grow with the times.
Construction/Development Loans
Norwood Bank offers highly competitive construction loans for residential or commercial projects.
Most importantly, you will receive very personalized service because you work directly with the decision makers at Norwood Cooperative.
Residential Construction
- Acquisition, Development, & Construction Loans (75% LTV)
- Land Loans
- Finance 80% for pre-sold homes
- Speculative home construction financing
- Innovative pricing
- Bimonthly inspections (weekly upon request)
- Affordable Housing Projects (NEF or MHFA)
Commercial Construction
- Finance 80% of Construction/Takeout Loans
- Construction/Permanent Financing
- Owner Occupied or Investor
We can finance the following commercial property types:
- Apartment Buildings
- Office Buildings
- Retail
- Industrial
Business Line of Credit
We offer short term lines of credit including seasonal financing and revolving lines of credit.
The Norwood "Lending Team" will work with you to determine your needs and how they can be met with the right type of financing program.
