Community Commerce Bank
- Victor Jacobs
Senior Vice President
Long Term Commercial Loan | |
| Property Types | 2-4 Units, Automotive, Church, Condo, Entertainment Venue, Industrial, Medical Office, Mixed use, Multi Family, Office, Place of Worship, Retail, Special-Use, Strip Center |
| Lendding Area | california |
| Loan amount Minimum | $50,000 |
| Loan amount Maximum | $4,000,000 |
| Interest Rate Minimum | 7.5% |
| Interest Rate Maximum | 10% |
| Points Maximum 1st TD | 1 |
| Terms | 3 year, 5 year, 7 year |
| Credit Score Min | 620 |
| Fees | Processing Fee |
| Entities | Corp - Corporation, Individual, LLC - Limited Liability Corporation, LP - Limited Partnership, Partnership, Trust |
| Cross Collateralize Blanket | Yes |
| Lien Position | 1st |
| Max Points Charge by Broker | 2 |
| Prepayment Penalty | 3+ years, 5,4,3,2,1 |
| Documents needed | Application, Tax Returns - Business - 2 years, Tax Returns - Personal - 2 years |
| Fixed or Adjustable | Fixed |
| Updated as of | 2024-03-05 |
Summary of all Guidelines | |
| Loan Types | Commercial Loan, SBA Loan |
| Property Types | Automotive, Daycare, Industrial, Medical Office, Mixed use, Multi Family, Office, Place of Worship, Restaurant, Retail, SFR |
| Lendding Area | california |
| Loan amount Minimum | $50,000 |
| Loan amount Maximum | $4,000,000 |
| Interest Rate Minimum | 7.5% |
| Interest Rate Maximum | 9% |
| Terms | 7 years |
| Documents needed | 2-year tax returns |
Community Commerce Bank (CCB), formed in 1976, is part of The East Los Angeles Community Union (TELACU) family of companies. CCB prides itself on serving the financial needs of California residents through a wide range of loan products and deposit accounts. CCB specializes in commercial real estate loans, loans to non-profit and religious organizations, apartments (5 units or more), as well as other real estate loans regardless of reason, for both consumer (commercial properties) and business purposes. CCB is considered to be ‘Well Capitalized’ according to all regulatory requirements and definitions. Call one of our three branch offices for our current outstanding rates on FDIC insured deposit accounts. As a subsidiary of TELACU, CCB supports many social and economic development programs such as education scholarships, senior housing projects, a weatherization program, and a Veterans Upward Bound program to name a few.
Community Commerce Bank is located in Monterey Park, CA. They offer financing for Commercial Loans and SBA Loans. The property type they primarily lend against is Automotive, Daycare, Industrial, Medical Office, Multi Family, Office, Place of Worship, Restaurant, Retail, SFR and Mixed use. Their minimum loan amount is $50,000. Their maximum loan amount is $4,000,000. They offer loans for a minimum Term of 3 years. Maximum duration of 7 years. Although rates can change they are typically lending at a minimum rate of 7.5%. Maximum interest rate of 9%.
These descriptions are limited information and meant for general reference purposes.