Commercial Real Estate Loan in Old National Bank
Commercial Real Estate Loan in Old National Bank
Old National Bank offers a comprehensive Commercial Real Estate Loan program designed for owners, investors, and developers who need reliable financing for income-producing properties, owner-occupied buildings, land acquisition, redevelopment, and construction projects. Our solutions combine flexible terms, experienced underwriting, and relationship-driven service to help you acquire, refinance, or expand commercial real estate with confidence.
Why choose an Old National Bank Commercial Real Estate Loan?
- Tailored financing options: Loans structured to match the cash flow and lifecycle of your property—permanent mortgages, bridge loans, construction financing, and portfolio lending.
- Competitive terms: Attractive pricing and amortization options that reflect local market knowledge and long-term client relationships.
- Deep underwriting expertise: Our commercial lending team evaluates assets with industry-specific insights—retail, office, industrial, multifamily, hospitality, medical, and mixed-use.
- Relationship banking: Single-point-of-contact service and proactive portfolio management to help borrowers navigate financial, operational, and strategic considerations.
- Speed and execution: Efficient decision-making and streamlined documentation to close transactions in a practical, timely manner.
Loan products and use cases
Old National Bank provides a full spectrum of commercial real estate financing options to serve diverse business objectives and asset classes:
- Acquisition loans: Purchase financing for stabilized income properties or value-add opportunities.
- Refinancing: Replace existing debt to lower payments, extend maturities, or access cash-out for capital improvements and portfolio repositioning.
- Construction and development loans: Interim financing for ground-up construction, horizontal development, and major renovation projects with draws based on project milestones.
- Bridge loans: Short-term financing to bridge timing gaps, convert non-performing loans, or finance repositioning strategies until permanent financing is available.
- SBA and specialty programs: Financing options for owner-occupied commercial properties and small business priorities where appropriate.
- Portfolio lending: Customized solutions for borrowers with multiple properties seeking coordinated financing across assets.
Key features and structuring considerations
We structure loans around practical metrics that matter to lenders and owners alike. Typical considerations include loan-to-value (LTV), debt service coverage ratio (DSCR), amortization period, and collateral characteristics. Loans can be arranged with fixed or variable interest rates, and amortizations ranging from interest-only periods to full amortization over the life of the loan.
- Loan-to-value: LTV is determined by asset type, location, and cash flow stability. Conservative underwriting preserves borrower flexibility while protecting investment integrity.
- Cash flow underwriting: DSCR is applied to evaluate a property’s ability to service debt, incorporating rent rolls, operating statements, and market adjustments.
- Recourse options: Loans can be structured with recourse or non-recourse features depending on the transaction, asset quality, and sponsor profile.
- Amortization and term: Options include shorter-term bridge financing, medium-term loans with amortization schedules aligned to business plans, and long-term fixed-rate mortgages for stabilized assets.
- Interest rate flexibility: Fix or float strategies to match borrower risk tolerance and expectations about future rate movement.
How we evaluate your project
Our underwriters take a holistic approach—assessing the sponsor’s track record, property fundamentals, market dynamics, and project feasibility. The evaluation typically includes:
- Financial analysis of historical and pro forma operating statements
- Market studies and comparable property analysis
- Assessment of tenant mix, lease terms, and occupancy trends
- Environmental and title review to identify potential liabilities
- Construction budgets, schedules, and contingency planning for development loans
Documentation and closing process
We strive to make closing straightforward while maintaining prudent documentation practices. Common documentation elements include loan agreements, promissory notes, security instruments, environmental reports, appraisal, financial statements, rent rolls, and insurance certificates. For construction loans, draw schedules, contractor agreements, and completion guarantees are standard.
Benefits for borrowers
- Predictability: Structured payments and clear maturity terms help with budgeting and long-term planning.
- Flexibility: A range of products to meet different lifecycle needs—from acquisition to stabilization and refinancing.
- Value creation: Finance capital improvements, reposition assets, or consolidate debt to unlock property potential.
- Local expertise: Decision-making supported by lenders who understand regional markets and regulatory landscapes.
Typical borrower profile
Our borrowers include experienced real estate investors, owner-occupiers, developers, institutional holders, and small business owners with real asset needs. Successful applicants generally present clear business plans, transparent financial records, and realistic underwriting assumptions. We value demonstrated property management capability, conservative leverage policies, and alignment between borrower goals and lender expectations.
Application process — what to expect
- Initial consultation to define objectives, property type, and financing needs.
- Preliminary information gathering—basic financials, property details, and project pro forma.
- Term sheet outlining structure, key economic terms, and due diligence requirements.
- Comprehensive underwriting and documentation review.
- Closing with coordinated settlement and funding.
Risk management and post-closing support
Post-closing, Old National Bank remains a committed lending partner. We provide ongoing loan administration, periodic property reviews, and proactive dialogue regarding refinancing opportunities or capital needs. Our approach to risk management balances borrower flexibility with rigorous monitoring to protect asset value and ensure long-term success.
Frequently asked questions
Q: What types of properties qualify? A: Most commercial property types qualify, including multifamily, office, retail, industrial, medical, and mixed-use assets, subject to underwriting.
Q: Can I get financing for new construction? A: Yes. Construction and development loans are available, including structured draws tied to project milestones.
Q: Are there options for small businesses? A: We offer programs tailored to owner-occupied properties and smaller commercial borrowers that balance capital needs with manageable terms.
Final thoughts
Old National Bank’s Commercial Real Estate Loan solutions are built for clarity, collaboration, and long-term value. Whether you’re expanding a portfolio, building a new development, or refinancing a stabilized asset, our team delivers practical financing tailored to your objectives. We combine local market intelligence, flexible product design, and a disciplined underwriting process to provide financing that fuels opportunity while managing risk.
Begin your next commercial real estate transaction with a lender that understands both the financial mechanics and the strategic drivers of successful property ownership. Speak to the commercial lending team about how we can help structure the right solution for your project.
Address Bank: Chicago, Illinois Evansville, Indiana, U.S.
Bank: Old National Bank
Headquarters: Evansville, Indiana
Products: Loans & Credit
Type: Commercial Real Estate Loan
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