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Commercial Mortgages

Acquiring, refinancing, and redeveloping commercial property is possible with a Commercial Mortgage from Citizens Bank.
A Commercial Mortgage is a mortgage loan secured by a commercial property, such as an office building, industrial warehouse, or apartment complex. The proceeds from a commercial mortgage are typically used to acquire, refinance, or redevelop commercial property.
  • Interest Rate: 9.00% – 14.00% computed on a reducing balance

Application Requirements

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Valid National Identification Card, Valid Passport or Valid Driver’s License

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TIN Certificate

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Business Registration

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Financial Statements (Previous three years) [If applicable]

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Job Letter and Pay slips [If applicable].

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Contractor’s Estimate

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Valuation of Property (To be done by an approved valuator by the Bank)

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Approved building plan

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Rental Agreement

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Evidence of Contribution

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Bank Statement from Current Bank (Minimum one year)

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Copy of Transport / Title of property offered as collateral

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Agreement of Sale and Purchase (if applicable)

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One passport size photograph per applicant

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