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

Piermont is a different kind of bank, offering product sophistication, right-sized for your business.

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.

  • $4.25 Million

  • Loan Type24-Month Bridge Loan
  • LocationBrooklyn, New York
  • Transitional RetailA dynamic NY Real Estate Developer was acquiring a vacant flagship retail location in Brooklyn, funds used to acquire and carry the project until lease-up
  • $7.25 Million

  • Loan TypePermanent Loan
  • LocationSoHo, New York
  • Retail CondoA property with big upside potential over long term with lease execution; financed at a fixed rate via swap
  • $6.6 Million

  • Loan TypeBridge Loan for Lease-Up
  • LocationGarfield, New Jersey
  • Commercial PropertyNewly completed self-storage facility; Piermont provided an interest-only bridge loan to allow for lease-up
  • $3 Million

  • Loan TypeLine of Credit
  • LocationNew York, New York
  • NY DeveloperPiermont established a line of credit for a developer to fund equity for contract deposits
  • $8 Million

  • Loan TypeBridge Loan
  • LocationBronx, New York
  • Multi-FamilyFor property near completion, we provided a bridge loan to allow for lease up and earn out based upon leases
  • $2.15 Million

  • Loan TypePermanent Loan
  • LocationSouth Hackensack, New Jersey
  • Owner OccupiedPiermont closed a permanent loan for this owner-occupied industrial property, with a fixed interest rate via swap
  • $2.85 Million

  • Loan TypePermanent Loan
  • LocationJersey City, New Jersey
  • Mixed UseWe closed Initial term I/O as Rent Stabilized vacates and free market leases are executed
  • $4.15 Million

  • Loan TypePermanent Loan
  • LocationLong Island, New York
  • Sale Lease-BackThis was a long-term fixed rate loan with repayment flexibility

For some transactions, there may be a lending partner where Piermont serves as a lead bank.

What Our Clients Say

Contact Us

As an enterprising business owner and operator, you do the hard work. We see our job as providing practical banking solutions to make your hard work pay off. Take advantage of our fast and flexible banking solutions, and discover a bank that’s made for you.