The Commercial Real Estate Team at Old National Bank is committed to providing high-quality financing solutions1 across the Midwest. Unlike other local financial institutions, we take a long-term view of commercial real estate lending. That is why we have continuously been an active lender, even during economic downturns.
Our Relationship Managers average more than 20 years of experience in commercial real estate lending.
Property types financed:
Financing Options:
We serve clients anywhere within the expanding footprint of Old National, which currently includes:
We take your deadlines seriously and adhere to all time constraints. We keep you apprised early in the process of the types of financing solutions we can provide to grow your business.
Loan Parameters
Old National is committed to meeting the needs of our clients and partners. The table below should help you better understand the guidelines we utilize when structuring a commercial real estate transaction.1
| Investment Type: | First Mortgage |
| Sponsorship: | Experienced with demonstrated track record in asset class |
| Transaction Size: | $500,000 - $50MM |
| Loan-to-cost: | Not to exceed 85% of project costs |
| Loan-to-value: |
Not to exceed 80% on a stabilized basis |
| Index: | Variable rate loans and SWAP fixed rate loans available |
| Term: | Up to 120 months |
| Loan Fees: | Up to 1% |
| Amortization: | Amortization periods of up to 30 years |
| Recourse: | Negotiable |
Get Connected
Get started with our Commercial Bankers today.
Heidi Smithson
heidi.smithson@oldnational.com
773-765-7540
Dennis Heishman
dennis.heishman@oldnational.com
502-540-7373
Kevin O'Driscoll
kevin.odriscoll@oldnational.com
608-354-0662
1 Subject to credit approval. If the security interest is property, property insurance will be required.
2 Wealth Management services are offered through Old National Bank. Most Wealth Management products are not FDIC insured.
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