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
Valid National Identification Card, Valid Passport or Valid Driver’s License
TIN Certificate
Business Registration
Financial Statements (Previous three years) [If applicable]
Job Letter and Pay slips [If applicable].
Contractor’s Estimate
Valuation of Property (To be done by an approved valuator by the Bank)
Approved building plan
Rental Agreement
Character References (Minimum two) Sources Of References – Citizens Bank (citizensbankgy.com)
Evidence of Contribution
Bank Statement from Current Bank (Minimum one year)
Copy of Transport / Title of property offered as collateral
Agreement of Sale and Purchase (if applicable)
One passport size photograph per applicant
View related fees here: www.citizensbankgy.com/about-us/fee-structure/
