Commercial Real Estate
We built our bank right from the ground up with tailor-made digital platform. What that means for you, is that your dedicated, experienced relationship managers actually have the capacity and tools to quickly deliver out-of-the-box, customized financing solutions.
Use our deal submission portal to get flexible solutions and fast answers for your transactions
Technology-Enabled
Our integrated technology platform enables us to work faster and remotely. Get preliminary term sheets through our deal submission portal within the next business day.
Execution certainty
Whether you are scaling your properties or gaining economies of scale, you need a lender that can execute with certainty. We’re proud of our record closing deals typically within weeks instead of months.
Built for speed
We remove the roadblocks and level the speed bumps so you get the financing you need, when you need it.- Inquiry response typically within the next business day
- With a completed loan package, receive a decision within three days
Practical banking
We offer practical solutions for real estate investors, owners, operators and tenants. Our banking products were designed with your needs in mind. With our PiermontSimple subscription, only get charged when you use the services.
The Right Financing Partner
Loans
$1-10 million
LTV
Up to 75%
Asset Class
Multi-family, Mixed-Use, Retail, Office, Industrial
Interest Rate
Fixed rate, Floating rate, Interest-only
Typical Deal Criteria
Experienced sponsorship
Loan Products
Acquisition Financing
Refinancing
Transitional/Renovation Loans
Bridge or Value-Added
Repositioning
Line of Credit
Term Loans
Note-on-Note Financing
Acquisition & Refinancing
If you are looking to acquire or refinance stabilized properties, talk to us about our commercial loans with floating or fixed rate up to 60-months.
Transitional or Bridge Loans
If you are looking to reposition a non-cash flowing property or renovate an existing property, we offer creative solutions including interest-only payment periods.
Working Capital or Line of Credit
If you are looking for working capital for your project, contract deposit or improvements, we offer lines of credit from $1-4 million, 24-month terms. Lines of credit can be renewed annually for relationship focused customers.
For Mezzanine Lenders and Other Partners
Piermont provides note-on-note financing up to $4 million or 70% of total debt.
Common Sense Banking
As an enterprising commercial real estate owner, operator, or tenant you do the hard work. In addition to financing solutions, we see our job as providing common sense banking products to make your hard work pay off.
Take advantage of our comprehensive suite of cash management products and services and discover a bank that’s made for today’s enterprising businesses.
Recent Success Stories
Our team members bring decades of banking experience from major U.S. commercial banks and other financial services firms, and we have extensive track records helping clients build and grow their business.
$4 Million
- Loan TypeAcquisition
- LocationNew York, New York
- Commercial Condo Piermont funded the buildout of the commercial condo, which was acquired out of a foreclosure by a successful investor and provided a reasonable timeline for the property to begin cash flowing.
$2.7 Million
- Loan TypeRefinance
- LocationBrooklyn, New York
- Industrial Building Financing for a family owned industrial property with an above market NNN lease and a strong guarantee and a cash out based on full recourse and minimum liquidity, net worth and DSCR covenants.
$2 Million
- Loan TypeBridge Loan
- LocationBrooklyn, New York
- Multifamily Bridge financing for a property to transition out of a redevelopment project into residential units and reach stabilization.
$1.3 Million
- Loan TypeLine of Credit
- LocationNewark, New Jersey
- Multifamily A line of credit for working capital and acquisitions for an experienced real estate investor with a multifamily asset portfolio.
$8.5 Million
- Loan TypeRefinance
- LocationLower East Side, New York
- Mixed-UseFinancing for a retail/office mixed-use property, where commercial tenants are impacted by the pandemic, to stabilize the asset and rebound from the current economic environment.
$3.5 Million
- Loan TypeAcquisition
- LocationBronx, New York
- Mixed-UseAcquisition financing for a strong NY Real Estate investor to purchase a property contains rent stabilized residential units and ground floor retail. Piermont won the opportunity based on its certainty of speed and execution.
For some transactions, there may be a lending partner where Piermont serves as a lead bank.
What Our Clients Say
