No matter what size business or type of organization you represent, Peoples Bank can work with you to secure the appropriate financing.
Our entrepreneurial approach and team of creative, seasoned lending professionals enable Peoples Bank to provide superior service. We pride ourselves on recognizing unique financing opportunities, responding to requests quickly, underwriting each loan with an eye toward problem-solving, and providing certainty of execution for time-sensitive transactions.
Please choose the segment that best applies to you:
Term Loans and Commercial Mortgage
If you are considering a major business expenditure such as the purchase of equipment or real estate, term loan financing is often attractive. It is typically repaid from your cash flow, over the useful life of the asset being financed.
Term loans are used for many reasons, such as to:
> Expand or renovate an existing facility, or build a new one
> Purchase or modernize equipment
> Refinance or restructure existing debt
> Finance a merger or acquisition
> Permanently increase your working capital
Peoples Bank can tailor the amount, term, repayment schedule, funding, and pricing method to your specific circumstances.
> Terms can be structured to match your borrowing needs, or to match the life of the financed asset
> Repayment can be tailored to fit your cash flow
> Loans can be arranged with flexible collateral options
> Fixed or floating rates are available depending on market conditions
Commercial Developers and Investors
Peoples Bank's lending team works closely with developers and investors to find effective ways to match our broad range of capabilities with individual customer needs.
Property Types Financed:
> Multi-family properties
Credit and Equity Products:
> Construction loans
> Acquisition loans
> Rehabilitation loans
> Large syndicated loans
> Letters of Credit
> Secured Lines of Credit
Residential Builders and Developers
Peoples Bank's lenders strive to be the most knowledgeable and accessible providers of credit and non-credit financial products to large, medium, and small homebuilders and subdivision developers located in Minnesota. Because they focus on home building and understand the unique complexities of that industry, they can provide tailored financial services that address a customer's specific needs.
Property types financed:
> Single-family detached housing
> Attached housing and condominiums
> Single-family subdivisions
> Master planned communities
> Acquisition, development, and construction projects
Among the financing strategies utilized:
> Residential builder lines of credit, and "stand-alone" loans
> Land Acquisition and Development (A&D) loans/lines of credit
> Revolving facilities, master-note structures, borrowing base structures
> Performance and financial letters of credit
Community development projects differ significantly from conventional market rate ventures. Peoples Bank specializes in deploying capital that supports affordable housing, economic revitalization, and small business enterprises throughout Minnesota. Our customers are "for profit" and "non-profit" businesses and real estate developers.
Peoples Bank assists:
> "Non-profit" and "for-profit" developers targeting construction and rehabilitation of affordable housing and commercial development
> Governmental agencies active in affordable housing and community development
> Faith-based community development initiatives
Among the property types financed:
> Affordable single- and multi-family housing
> Historic preservation rehabilitations
> Special use housing
> Commercial offices and retail space
> Commercial property that houses community services (daycare centers, charter schools, etc.)
Products and solutions:
> Acquisition, development, and construction lines of credit
> Construction loans
> Equity bridge loans
> Letters of credit for development and short-term bond enhancements