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Piermont Bank

Commercial Real Estate

We built our bank right from the ground up with tailor-made digital platform. What that means for you, is that your dedicated, experienced relationship managers actually have the capacity and tools to quickly deliver out-of-the-box, customized financing solutions.

Use our deal submission portal to get flexible solutions and fast answers for your transactions

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Technology-Enabled

Our integrated technology platform enables us to work faster and remotely. Get preliminary term sheets through our deal submission portal within the next business day.

Execution certainty

Whether you are scaling your properties or gaining economies of scale, you need a lender that can execute with certainty. We’re proud of our record closing deals typically within weeks instead of months.

Built for speed

We remove the roadblocks and level the speed bumps so you get the financing you need, when you need it.
  • Inquiry response typically within the next business day
  • With a completed loan package, receive a decision within three days

Practical banking

We offer practical solutions for real estate investors, owners, operators and tenants. Our banking products were designed with your needs in mind. With our PiermontSimple subscription, only get charged when you use the services.

The Right Financing Partner

Piermont is a different kind of bank, offering product sophistication, right-sized for your business.

Loans

$1-10 million

LTV

Up to 75%

Asset Class

Multi-family, Mixed-Use, Retail, Office, Industrial

Interest Rate

Fixed rate, Floating rate, Interest-only

Typical Deal Criteria

Experienced sponsorship

Loan Products

Acquisition Financing
Refinancing
Transitional/Renovation Loans
Bridge or Value-Added
Repositioning Line of Credit
Term Loans
Note-on-Note Financing

  • Acquisition & Refinancing

    If you are looking to acquire or refinance stabilized properties, talk to us about our commercial loans with floating or fixed rate up to 60-months.

  • Transitional or Bridge Loans

    If you are looking to reposition a non-cash flowing property or renovate an existing property, we offer creative solutions including interest-only payment periods.

  • Working Capital or Line of Credit

    If you are looking for working capital for your project, contract deposit or improvements, we offer lines of credit from $1-4 million, 24-month terms. Lines of credit can be renewed annually for relationship focused customers.

  • For Mezzanine Lenders and Other Partners

    Piermont provides note-on-note financing up to $4 million or 70% of total debt.

Common Sense Banking

As an enterprising commercial real estate owner, operator, or tenant you do the hard work. In addition to financing solutions, we see our job as providing common sense banking products to make your hard work pay off.

Take advantage of our comprehensive suite of cash management products and services and discover a bank that’s made for today’s enterprising businesses.

Recent Success Stories

Our team members bring decades of banking experience from major U.S. commercial banks and other financial services firms, and we have extensive track records helping clients build and grow their business.

  • $4 Million

  • Loan TypeAcquisition
  • LocationNew York, New York
  • Commercial Condo Piermont funded the buildout of the commercial condo, which was acquired out of a foreclosure by a successful investor and provided a reasonable timeline for the property to begin cash flowing.

  • $2.7 Million

  • Loan TypeRefinance
  • LocationBrooklyn, New York
  • Industrial Building Financing for a family owned industrial property with an above market NNN lease and a strong guarantee and a cash out based on full recourse and minimum liquidity, net worth and DSCR covenants.

  • $2 Million

  • Loan TypeBridge Loan
  • LocationBrooklyn, New York
  • Multifamily Bridge financing for a property to transition out of a redevelopment project into residential units and reach stabilization.

  • $1.3 Million

  • Loan TypeLine of Credit
  • LocationNewark, New Jersey
  • Multifamily A line of credit for working capital and acquisitions for an experienced real estate investor with a multifamily asset portfolio.

  • $8.5 Million

  • Loan TypeRefinance
  • LocationLower East Side, New York
  • Mixed-UseFinancing for a retail/office mixed-use property, where commercial tenants are impacted by the pandemic, to stabilize the asset and rebound from the current economic environment.

  • $3.5 Million

  • Loan TypeAcquisition
  • LocationBronx, New York
  • Mixed-UseAcquisition financing for a strong NY Real Estate investor to purchase a property contains rent stabilized residential units and ground floor retail. Piermont won the opportunity based on its certainty of speed and execution.

For some transactions, there may be a lending partner where Piermont serves as a lead bank.

What Our Clients Say

"We are thrilled to work with Piermont Bank to create a deal that realizes the economics of launching new facilities. What we have been able to do together ensures that StorageBlue can serve new communities while continuing to provideour customers with the redefined self-storage experience they’ve come to expect. We look forward to StorageBlue’s continued expansion with Piermont as a partner."    - in a press release
Alan MruvkaFounder & CEO of StorageBlue
Alan Mruvka
"It was a tremendous relief just to get that call from your bank in the time when COVID-19 crisis happened." - Crain’s New York
Steven HidaryPrincipal at Hidrock Properties
Steven Hidary
“They’re responsive, they’re fast, they understand the business I’m in, and they don’t discriminate.” - Crain’s New York
Veronica RoseCEO at Aurora Electric
“The Piermont Team has proved amazingly responsive, and was able to turn around our life-saving PPP loan quickly after we were unsuccessful in our previous two applications. In moments of crisis, it is essential to know that we have a strong financial partner on our side, so that we could continue working on our mission of "Teaching Children the Language of Music" through these challenging times.”
Yeou-Cheng MaExecutive Director, The Children’s Orchestra Society

Contact Us

As an enterprising business owner and operator, you do the hard work. We see our job as providing practical banking solutions to make your hard work pay off. Take advantage of our fast and flexible banking solutions, and discover a bank that’s made for you.
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