Commercial Real-Estate
Torrey Pines Bank is ready to help you and your business purchase, obtain or improve real property. Our Commercial Real Estate Loans are term loans that are secured by income producing real estate for investors or owners, and are generally used to finance or re-finance real property.
Term Loans
Torrey Pines Bank offers a variety of options to finance or refinance Income-Producing and Owner-Occupied real estate. Our term loans are individually tailored to your financing needs and can have either variable or fixed interest rates for a term up to 10-years. These loans are secured by a first deed of trust on the property.
Construction Loans
A Torrey Pines Bank Real Estate Construction Loan is a non-revolving line of credit secured by real estate. The money is advanced through a flexible construction management process as funds, which disburses funds as needed. During the term of the loan, you pay monthly interest only on the outstanding balance. The dollar amount needed for these payments may be included in total costs so that you do not have to pay interest "out of pocket." Construction financing is provided for Office, Industrial, Retail, Multi-Family and Residential Subdivisions. Torrey Pines will also consider financing land acquisitions for future development purposes on a case by case basis.
Equipment
Torrey Pines Bank Equipment Loans are designed to provide you and your company with valuable financing alternatives. We offer virtually all types of equipment leasing and financing options, such as enhancing your technology needs, expanding your product line, or increasing your plant's efficiency. Our equipment financing plans are tailored to meet your needs.
Letters of Credit
A Torrey Pines Bank Letter of Credit can help your business secure the purchase of goods on a domestic or international level. Our lending professionals will help you structure your trade transactions to avoid the discrepancies and inconsistencies that can cause costs, delays and potential loss of business.
*Additional disclosures will be provided at account opening.
Residential Construction
Torrey Pines Bank specializes in Residential Construction Loans for the owner-occupant. We offer you the easiest, most flexible construction loan available to help you save money.
Construction Loan Features:
- Very competitive pricing.
- Professional assistance placing the permanent mortgage.
- Flexible construction administration programs.
- Interest paid monthly on the outstanding balance.
- There are no pre-payment penalties.
- Bank willing to finance a portion of land acquisition.
Basic Qualification Requirements:
- Good credit, as determined by our review of your credit report.
- Level of income that will qualify you for a permanent mortgage.
- The amount of the loan is enough to complete the construction of your home.
- Minimum equity of 15% of total project costs.
Qualified general contractor or owner-builders will be considered based on prior experience in homebuilding.
Revolving Lines of Credit
A Torrey Pines Bank Revolving Line of Credit provides the flexibility to take advantage of business opportunities as they arise. Your business can borrow, repay, and borrow again up to the original amount committed by Torrey Pines Bank throughout the life of the loan. This type of credit facility is typically repaid from your business' operating cash flow (i.e. the collection of receivables). You can use a line of credit to fund seasonal changes in inventory and receivables, take advantage of vendor discounts, or meet unexpected cash needs. Lines of credit are a cost effective way to borrow and repay what your business needs when you need it.
SBA
Are you starting or expanding a new business? Successful entrepreneurs realize that a key component is obtaining appropriate financing - but soon discover that it can be a complex and frustrating process. The Small Business Administration (SBA) offers a variety of financing options for small businesses. Long-term loans for machinery and equipment, a general working capital loan, a revolving line of credit, or a micro-loan are examples of available financing options from Torrey Pines Bank and the SBA to meet your needs.
Secured & Unsecured Loans
A Secured or Unsecured Commercial Loan from Torrey Pines Bank may be the answer to funding your equipment purchases, financing real estate, extending working capital, or restructuring debt. Our loan officers offer the expertise to help you make the right decision for your business. We offer customized repayment terms and competitive pricing to meet the needs of your situation.
Vehicle
Is your business in need of a new fleet of vehicles? Torrey Pines Bank has a complete Vehicle Financing Program designed for your business' next vehicle purchase. Our flexible repayment terms and competitive pricing are designed to meet the needs of your business.
*Additional disclosures will be provided at account opening.
