Commercial Real Estate
- 1.99% APR for the first 12 months OR
- Up to $10,000 off closing costs on loans over $1,000,000 and up to $2,500,000
- Up to $3,000 off closing costs on loans from $250,000 up to $1,000,000
- Meet or Beat Rate Offer - BBVA Compass will beat documented competitor's rates by .10% (10 basis points) or pay the commercial real estate loan applicant $500 (subject to certain conditions)
On Special Offer: Application must be received between 1/1/15 and 3/31/15 and loan must be booked by 5/31/15 to be eligible for this special offer. Closing costs offer only valid on commercial real estate loan applications received and booked within the specified offer dates. Up to $10,000 off closing costs on loans over $1 million and up to $2,500,000; up to $3,000 off closing costs on loans from $250,000 up to $1,000,000. * This offer applies to qualified types of owner occupied and non owner occupied commercial real estate and qualified borrowers. Offer not valid in conjunction with any other rate discount or offer. Customer is responsible for reimbursing BBVA Compass for any closing costs assistance if the loan is paid off within the first 36 months of loan origination. This offer does not apply to loans used to refinance existing loans with BBVA Compass. 2The 1.99% APR is available on a Commercial Real Estate term loan on amounts up to $2,500,000 when you authorize all payments to be automatically debited from a BBVA Compass business checking account. If you choose not to have auto-debited payments, the interest rate will be one-half of one percent (.50%) higher which will be 2.49% APR. This rate is subject to credit verification and may not be available to unverified credit applications. You acknowledge that we may lend to others at rates of interest greater or less than 1.99% APR. You may call us at any time during our business hours at 1-800-266-7277 to check on current rates. Rates and offers are subject to change at the bank’s discretion and without notice. All loans subject to approval, including credit approval. Credit, collateral and underwriting standards apply. Customer is responsible for all closing costs and fees outside of any special promotions. All rates and offers subject to change without notice.
"MEET OR BEAT" RATE OFFER: Available on approved Commercial Real Estate Loans in amounts from $500,000 to $2.5 million. Not available on Construction Loans, SBA Loans, or refinance of loans already with BBVA Compass. To be eligible for this offer, a complete credit application must be completed and all supporting documentation provided, including an original commitment letter from a competing lender on official letterhead. The loan offer and/or loan package from the competing lender must have comparable terms, conditions, stipulations, requirements and structure to the loan offer and/or loan package being provided by BBVA Compass. If the terms, conditions, stipulations, requirements or structure vary in a way that has material impact to the financial terms of the loan, a comparison can not and will not be conducted and the offer will not be available. If approved, BBVA Compass will beat competitive rates by .10% (10 basis points) or pay the applicant $500. BBVA Compass business checking account required to receive $500 award if BBVA Compass is unable to match a competitors’s documented rates. $500 award may be subject to IRS reporting for tax purposes.
All loans subject to eligibility, collateral and underwriting requirements, and approval, including credit approval.