Lending

When it’s time to make that big decision, see a Hanover Commercial Banker first. We can guide you through the financing maze so your vision can become a reality.  We’re with you from application to opening that front door for the first time.

Residential Investor Program

Investment property purchase loans available

  • 1-4 family homes eligible
  • Ideal for your next major purchase
  • Reasonable closing costs
  • Fast closing
  • Local decision-making
  • A variety of adjustable rate mortgages available

Call (516) 874-2056 for additional loan details

 

Commercial Loans and Lines of Credit

Whether you are a developer, investor or commercial property owner, Hanover Community Bank offers the experience and services you need to achieve your goals.  We’re here for the long-term with solutions to support your growth and profitability.  Our seasoned professionals are tuned in to the New York commercial real estate market in ways that help you maximize your opportunities to find a lending solution that works for you.

Loan and Line amounts up to $200,000. Funds can be used for:

  • Purchase of inventory
  • Business expansion
  • Revolving line of credit for any business purpose

Flexible repayment terms:

  • Interest only *
  • Fixed rates
  • Variable rates

* subject to credit approval 

Commercial Mortgages

Hanover Community Bank knows that every transaction, like every structure, is unique. Our lenders are highly experienced in the New York Metropolitan marketplace and understand the key factors that play a part in the commercial real estate industry. Hanover Community Bank specializes in acquisition financing, refinancing and permanent commercial mortgages.

  • Acquisition financing available up to 75% LTV on apartment buildings
  • Maximum 30 year amortization (subject to credit approval)
  • Refinancing available up to 75% LTV.

We finance the following property types:

  • Multi-family properties
  • Retail / commercial properties
  • Mixed use properties
  • Small office buildings
  • Single tenant commercial buildings

Hanover Community Bank’s lending footprint goes where you need us most:

  • Nassau and Suffolk County
  • Brooklyn
  • Queens
  • Manhattan
  • Bronx
  • Westchester 

Equipment Financing

Hanover Community Bank offers flexible financing programs for businesses that are considering leasing to meet their equipment needs.  Our equipment financing programs offer both loan and lease options, flexible terms and most importantly, professionals who can provide guidance to ensure that you select the option that best meets your needs. Hanover Community Bank is committed to fast turnarounds so the transaction is completed on time and efficiently.

Products Under Development

As a Community Bank, we know how important it is to offer solutions that meet your financial and borrowing needs. That is why we are hard at work re-designing a few of our products to provide you with more options that will give you peace of mind when making life’s every-day decisions. Check back with us periodically to see the progress we have made on:

  • Overdraft Protection (for consumer and business)
  • Conventional Single Family Residential Mortgages
  • Home Equity Lines of Credit (HELOC) and Term Loans

 

 

Personal Attention - Local Decisions - Great Service

Call Hanover Community Bank at (516) 248-4868 or (877) HCB-2131 for more information on our banking products and services. Branch location, hours of operation and other related information can be found on our Contact page.

All Hanover Community Bank accounts are insured by the FDIC for at least $250,000.

Have more questions? Check out our FAQs page for additional information.