Available Terms & Program Types

Similar to Residential Loan products, Commercial loan products also come in a variety of different loan types and terms. The Satori Group will find the loan program that will fit your business goals. Speaking with a Commercial Specialist will help you identify the best options for your personal financial scenario and your business goals.
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Fixed Rate

Similar to the fixed rate residential mortgage loan, the Fixed Rate commercial loan has a fixed rate that is generally based on a 15, 30, and 40 year terms. Rates on a Fixed Loan do not adjust and usually have a slightly higher interest rate than Adjustable Rate loans.
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Adjustable Rate

Mortgage loans under which the interest rate adjusts before the full term of the amortization schedule. The amounts and times of adjustment are agreed to at the inception of the loan.
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Balloon

A note calling for a “balance payoff” before the fulfillment of the full amortization schedule. For example: if you were on a 30/15 Balloon Note, the payment would be based on a 30 year amortization schedule. The remaining balance would be due at the conclusion of 15 years.
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Interest-Only

Interest-Only mortgages do not require principle to be paid, they only require the interest charges to be paid on a monthly basis. Interest-Only mortgages can be used with either the fixed or ARM loan programs.
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Assumable Mortgage

Assumable Mortgages are loans that can be “taken on” by the buying party. The buyer of the property would “assume” the current mortgage terms and payments from the seller of the property. The buyer would still have to qualify for the terms of the existing loan.
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SBA Loans

Small Business Administration loans. SBA loan programs lend to small businesses unable to secure financing on reasonable terms through normal lending channels.