Commercial Loans

Let us take the complication out of commercial financing.

We can make it simpler for you. Reduce the time you spend financing your investment property by securing a fixed-rate commercial loan with us. You aren't limited to short-term financing, with term options that range from 25 to 10 years. 

  • 25 years: 5-year Call Option 
  • 20 years: 5-year Call Option 
  • 15 years: 5-year Call Option
  • 10 years: 5-year Call Option

Balloon vs. Call Option

A Balloon Mortgage does not fully amortize over its term, so you must repay the remaining principal balance on the balloon date. If you don't want to pay the remaining balance, you'll be subject to additional fees to refinance or apply for a new balloon mortgage.

A Call Option gives LSB the option to call the outstanding balance based on the terms included in the Call Option Rider. 

The true benefit of the Call Option over the Balloon Mortgage is in the name - "option". 
 

Other Benefits

  • Mortgage Rate Security - Don't stress about changing mortgage rates with our 75-day mortgage rate lock AND you'll be eligible for a free mortgage rate float down if mortgage rates decrease. Call for details. 
  • Loan Modifications - While we offer great rates, there is still potential for them to decrease in the future and because we don't sell our loans, you are eligible to adjust the terms of your mortgage quicker and easier through our Loan Modification Program.
  • Relationship Focused - As a portfolio lender, getting a mortgage with us is more like a partnership than a business deal. Our experienced team works to ensure you get a mortgage you can afford and if faced with a hardship, we'll be here to listen.
  • Commission-Free - Our Loan Officers aren't commission-based or distracted by quotas. Instead, they're focused on creating Relationships for Generations through honesty and integrity. 
  • Flexible - A round peg doesn't fit in a square hole! All credit decisions are based on your individual circumstances, not the secondary mortgage market guidelines. Self-employed? Recent job change? We'll look into it!
  • Portfolio Lender - We will service and hold your mortgage for the life of the loan. 
  • Money stays local - To help build and improve the local community.  
  • Premium Customer Service - You talk to real people - not automated phone systems or call centers. 

Account Details

  • Maximum Loan-To-Value Ratio (LTV): 70%
  • 1 Point plus closing costs
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Title Token Key Token Value
Loan to Value Ratio - 81-90% - 10 Year Rate {{LTV_8190_10year_rate}} 5.750
Loan to Value Ratio - 81-90% - 10 Year APR {{LTV_8190_10year_apr}} 6.016
Loan to Value Ratio - 81-90% - 10 Year Payment Example {{LTV_8190_10year_pmt}} 1,811.19
Loan to Value Ratio - 81-90% - 10 Year Points {{LTV_8190_10year_points}} 0
Loan to Value Ratio - 81-90% - 15 Year Rate {{LTV_8190_15year_rate}} 5.875
Loan to Value Ratio - 81-90% - 15 Year APR {{LTV_8190_15year_apr}} 6.065
Loan to Value Ratio - 81-90% - 15 Year Points {{LTV_8190_15year_points}} 0
Loan to Value Ratio - 81-90% - 15 Year Payment Example {{LTV_8190_15year_pmt}} 1,381.25
Loan to Value Ratio - 81-90% - 20 Year Rate {{LTV_8190_20year_rate}} 6.375
Loan to Value Ratio - 81-90% - 20 Year APR {{LTV_8190_20year_apr}} 6.534
Loan to Value Ratio - 81-90% - 20 Year Points {{LTV_8190_20year_points}} 0
Loan to Value Ratio - 81-90% - 20 Year Payment Example {{LTV_8190_20year_pmt}} 1,218.08
Loan to Value Ratio - 81-90% - 25 Year Rate {{LTV_8190_25year_rate}} 6.500
Loan to Value Ratio - 81-90% - 25 Year APR {{LTV_8190_25year_apr}} 6.638
Loan to Value Ratio - 81-90% - 25 Year Points {{LTV_8190_25year_points}} 0
Loan to Value Ratio - 81-90% - 25 Year Payment Example {{LTV_8190_25year_pmt}} 1,114.09
Loan to Value Ratio - 81-90% - 30 Year Rate {{LTV_8190_30year_rate}} 6.625
Loan to Value Ratio - 81-90% - 30 Year APR {{LTV_8190_30year_apr}} 6.749
Loan to Value Ratio - 81-90% - 30 Year Points {{LTV_8190_30year_points}} 0
Loan to Value Ratio - 81-90% - 30 Year Payment Example {{LTV_8190_30year_pmt}} 1,056.51
Loan to Value Ratio - 71-80% - 10 Year Rate {{LTV_7180_10year_rate}} 5.625
Loan to Value Ratio - 71-80% - 10 Year APR {{LTV_7180_10year_apr}} 5.888
Loan to Value Ratio - 71-80% - 10 Year Points {{LTV_7180_10year_points}} 0
Loan to Value Ratio - 71-80% - 10 Year Payment Example {{LTV_7180_10year_pmt}} 1,800.92
Loan to Value Ratio - 71-80% - 15 Year Rate {{LTV_7180_15year_rate}} 5.750
Loan to Value Ratio - 71-80% - 15 Year APR {{LTV_7180_15year_apr}} 5.938
Loan to Value Ratio - 71-80% - 15 Year Points {{LTV_7180_15year_points}} 0
Loan to Value Ratio - 71-80% - 15 Year Payment Example {{LTV_7180_15year_pmt}} 1,370.18
Loan to Value Ratio - 71-80% - 20 Year Rate {{LTV_7180_20year_rate}} 6.250
Loan to Value Ratio - 71-80% - 20 Year APR {{LTV_7180_20year_apr}} 6.407
Loan to Value Ratio - 71-80% - 20 Year Points {{LTV_7180_20year_points}} 0
Loan to Value Ratio - 71-80% - 20 Year Payment Example {{LTV_7180_20year_pmt}} 1,206.03
Loan to Value Ratio - 71-80% - 25 Year Rate {{LTV_7180_25year_rate}} 6.375
Loan to Value Ratio - 71-80% - 25 Year APR {{LTV_7180_25year_apr}} 6.511
Loan to Value Ratio - 71-80% - 25 Year Points {{LTV_7180_25year_points}} 0
Loan to Value Ratio - 71-80% - 25 Year Payment Example {{LTV_7180_25year_pmt}} 1,101.24
Loan to Value Ratio - 71-80% - 30 Year Rate {{LTV_7180_30year_rate}} 6.500
Loan to Value Ratio - 71-80% - 30 Year APR {{LTV_7180_30year_apr}} 6.623
Loan to Value Ratio - 71-80% - 30 Year Points {{LTV_7180_30year_points}} 0
Loan to Value Ratio - 71-80% - 30 Year Payment Example {{LTV_7180_30year_pmt}} 1,042.91
Loan to Value Ratio - 61-70% - 10 Year Rate {{LTV_6170_10year_rate}} 5.500
Loan to Value Ratio - 61-70% - 10 Year APR {{LTV_6170_10year_apr}} 5.760
Loan to Value Ratio - 61-70% - 10 Year Points {{LTV_6170_10year_points}} 0
Loan to Value Ratio - 61-70% - 10 Year Payment Value {{LTV_6170_10year_pmt}} 1,790.68
Loan to Value Ratio - 61-70% - 15 Year Rate {{LTV_6170_15year_rate}} 5.625
Loan to Value Ratio - 61-70% - 15 Year APR {{LTV_6170_15year_apr}} 5.810
Loan to Value Ratio - 61-70% - 15 Year Points {{LTV_6170_15year_points}} 0
Loan to Value Ratio - 61-70% - 15 Year Payment Example {{LTV_6170_15year_pmt}} 1,359.16
Loan to Value Ratio - 61-70% - 20 Year Rate {{LTV_6170_20year_rate}} 6.125
Loan to Value Ratio - 61-70% - 20 Year APR {{LTV_6170_20year_apr}} 6.280
Loan to Value Ratio - 61-70% - 20 Year Points {{LTV_6170_20year_points}} 0
Loan to Value Ratio - 61-70% - 20 Year Payment Example {{LTV_6170_20year_pmt}} 1,194.04
Loan to Value Ratio - 61-70% - 25 Year Rate {{LTV_6170_25year_rate}} 6.250
Loan to Value Ratio - 61-70% - 25 Year APR {{LTV_6170_25year_apr}} 6.384
Loan to Value Ratio - 61-70% - 25 Year Points {{LTV_6170_25year_points}} 0
Loan to Value Ratio - 61-70% - 25 Year Payment Example {{LTV_6170_25year_pmt}} 1,088.45
Loan to Value Ratio - 61-70% - 30 Year Rate {{LTV_6170_30year_rate}} 6.375
Loan to Value Ratio - 61-70% - 30 Year APR {{LTV_6170_30year_apr}} 6.496
Loan to Value Ratio - 61-70% - 30 Year Points {{LTV_6170_30year_points}} 0
Loan to Value Ratio - 61-70% - 30 Year Payment Example {{LTV_6170_30year_pmt}} 1,029.39
Loan to Value Ratio - 60% and Below - 10 Year Rate {{LTV_60_10year_rate}} 5.375
Loan to Value Ratio - 60% and Below - 10 Year APR {{LTV_60_10year_apr}} 5.632
Loan to Value Ratio - 60% and Below - 10 Year Points {{LTV_60_10year_points}} 0
Loan to Value Ratio - 60% and Below - 10 Year Payment Example {{LTV_60_10year_pmt}} 1,780.48
Loan to Value Ratio - 60% and Below - 15 Year Rate {{LTV_60_15year_rate}} 5.500
Loan to Value Ratio - 60% and Below - 15 Year APR {{LTV_60_15year_apr}} 5.683
Loan to Value Ratio - 60% and Below - 15 Year Points {{LTV_60_15year_points}} 0
Loan to Value Ratio - 60% and Below - 15 Year Payment Example {{LTV_60_15year_pmt}} 1,348.19
Loan to Value Ratio - 60% and Below - 20 Year Rate {{LTV_60_20year_rate}} 6.000
Loan to Value Ratio - 60% and Below - 20 Year APR {{LTV_60_20year_apr}} 6.153
Loan to Value Ratio - 60% and Below - 20 Year Points {{LTV_60_20year_points}} 0
Loan to Value Ratio - 60% and Below - 20 Year Payment Example {{LTV_60_20year_pmt}} 1,182.11
Loan to Value Ratio - 60% and Below - 25 Year Rate {{LTV_60_25year_rate}} 6.125
Loan to Value Ratio - 60% and Below - 25 Year APR {{LTV_60_25year_apr}} 6.257
Loan to Value Ratio - 60% and Below - 25 Year Points {{LTV_60_25year_points}} 0
Loan to Value Ratio - 60% and Below - 25 Year Payment Example {{LTV_60_25year_pmt}} 1,075.74
Loan to Value Ratio - 60% and Below - 30 Year Rate {{LTV_60_30year_rate}} 6.250
Loan to Value Ratio - 60% and Below - 30 Year APR {{LTV_60_30year_apr}} 6.369
Loan to Value Ratio - 60% and Below - 30 Year Points {{LTV_60_30year_points}} 0
Loan to Value Ratio - 60% and Below - 30 Year Payment Example {{LTV_60_30year_pmt}} 1,015.93
Refinance APR Fees {{Refinance_APR_Fees}} 1,134.25
Purchase APR Fees {{Purchase_APR_Fees}} 2,102.00
First Time Home Buyer APR Fees {{FTHB_APR_Fees}} 1,452
First Time Home Owner Refinance APR Fees {{FTHO_Fefi_APR_Fees}} 539.25
Odd Day Interest {{Odd_Day_Interest}} 1,595.00
Purchase Rate Adjustor {{Purchase_Rate_Adjustor}} 0
First Time Home Buyer Rate Adjustor {{FTHB_Rate_Adjustor}} 0
Refinance Rate Adjustor {{Refi_Rate_Adjustor}} .125
Interest Checking - Rate {{checking_interest_rate}} 0.05
Interest Checking - APY {{checking_interest_apy}} 0.05
Gold 50 Checking - Rate {{checking_gold50_rate}} 0.10
Gold 50 Checking - APY {{checking_gold50_apy}} 0.10
Premium Checking - Rate {{checking_premium_rate}} 0.15
Premium Checking - APY {{checking_premium_apy}} 0.15
Home Business Checking - Rate {{checking_home_business_rate}} 0.05
Home Business Checking - APY {{checking_home_business_apy}} 0.05
E - Savings - $0.01 to $49,999 - Rate {{savings_esavings_49999_rate}} 0.25
E Savings - $0.01 to $49,999 - APY {{savings_esavings_49999_apy}} 0.25
E Savings - $50,000 and Over - Rate {{savings_esavings_50000_rate}} 0.40
E Savings - $50,000 and Over - APY {{savings_esavings_50000_apy}} 0.40
Statement Savings - Rate {{savings_statement_rate}} 0.20
Statement Savings - APY {{savings_statement_apy}} 0.20
Small Savers - Rate {{savers_small_rate}} 0.20
Small Savers - APY {{savers_small_apy}} 0.20
IRA Statement Savings - Rate {{savings_ira_statement_rate}} 0.20
IRA Statement Savings - APY {{savings_ira_statement_apy}} 0.20
Insured Money Market $0.01 to $49,999 - Rate {{moneymarket_49999_rate}} 0.20
Insured Money Market $0.01 to $49,999 - APY {{moneymarket_49999_apy}} 0.20
Insured Money Market $50,000 - $99,999 - Rate {{moneymarket_99999_rate}} 0.30
Insured Money Market $50,000 - $99,999 - APY {{moneymarket_99999_apy}} 0.30
Insured Money Market $100,000 - $199,999 - Rate {{moneymarket_199999_rate}} 0.40
Insured Money Market $100,000 - $199,999 - APY {{moneymarket_199999_apy}} 0.40
Insured Money Market $200,000 and Over - Rate {{moneymarket_200000_rate}} 0.50
Insured Money Market $200,000 and Over - APY {{moneymarket_200000_apy}} 0.50
6 Month CD - Rate {{cd_6mo_rate}} 0.45
6 Month CD - APY {{cd_6mo_apy}} 0.45
9 Month CD - Rate {{cd_9mo_rate}} 0.50
9 Month CD - APY {{cd_9mo_apy}} 0.50
12 Month CD - Rate {{cd_12mo_rate}} 0.55
12 Month CD - APY {{cd_12mo_apy}} 0.55
18 Month CD - Rate {{cd_18mo_rate}} 0.60
18 Month CD - APY {{cd_18mo_apy}} 0.60
24 Month CD - Rate {{cd_24mo_rate}} 0.65
24 Month CD - APY {{cd_24mo_apy}} 0.65
30 Month CD - Rate {{cd_30mo_rate}} 0.70
30 Month CD - APY {{cd_30mo_apy}} 0.70
42 Month CD - Rate {{cd_42mo_rate}} 0.75
42 Month CD - APY {{cd_42mo_apy}} 0.75
180 Days Jumbo CD - Rate {{cd_jumbo_180days_rate}} 0.50
180 Days Jumbo CD - APY {{cd_jumbo_180days_apy}} 0.50
365 Days Jumbo CD - Rate {{cd_jumbo_365days_rate}} 0.60
365 Days Jumbo CD - APY {{cd_jumbo_365days_apy}} 0.60
9 Month CD Special - Rate {{cd_9mo_special_rate}} .50
9 Month CD Special - APY {{cd_9mo_special_apy}} .50
13 Month CD Special - Rate {{cd_23mo_special_rate}} 3.83
13 Month CD Special - APY {{cd_23mo_special_apy}} 3.90
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