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Wells Fargo Commercial Purchase Loan

A real estate-secured loan for the purchase of commercial property. Borrower's cash equity (down payment from own funds) must be equal to or greater than 25% of the purchase amount and loan must be in first lien position.
Ideal ForBusiness owners or real estate investors who are expanding to a new location, leasing workspace and want to purchase, or looking to purchase property.
How it Works
  • When you have selected a property that you are ready to purchase, speak with a banker to apply for a loan.
  • Pay no application and no appraisal fees and save thousands of dollars. Borrowers are responsible for title and escrow fees.
  • Receive funds and pay off over a specified amount of time.
Does it work for you?Visit a Wells Fargo location near you.

Additional Information

Credit Amount$50,000 to $750,000 (up to 80% of the property value).
TermsChoose from:
  • 5, 10 or 15-year terms
  • 10-year balloon with a 25-year amortization schedule
  • 5-year balloon with a 25-year amortization schedule

Balloon terms not available for purchase loans on special purpose properties.
Interest RatesFixed or Prime-Based1
CollateralCommercial property valued up to $3 million2 (owner-occupied and investor).
  • Application Fee: None
  • Appraisal Fee: None
  • Origination Fee: 1% of loan, max $5,000, due at closing3
  • Annual Fee: None
  • Title and Escrow Fees: Borrower's responsibility (Due on purchase deals, land sale contracts, and buyouts)
  • Prepayment Fee: Fixed-rate loans have a 3% pre-payment fee applied to payments made in excess of the payment schedule or early payoff requests in the first three years of the loan
  • Early Closure Fee: For Prime-based loans, a $3,000 early closure fee applies if closed within 3 years of origination
Optional FeatureAutomatic Payment: Automatically make payments on your account at your convenience.
For More Information
  • Review our Frequently Asked Questions.
  • Compare our business loans.
How to Apply
1 The index for the Prime-Based loan is the Wells Fargo Prime Rate. The interest rate for the loan will be adjusted with each change in the Wells Fargo Prime Rate. The payment will be fixed for 12 months and adjust only once per year on the anniversary of the loan. Any over or under payment of accrued interest resulting from a rate change, will be applied to the borrower’s balance. The reamortized payment will be calculated annually, using the remaining term, current balance and Wells Fargo Prime Rate then in effect. Restrictions may apply. Some properties may require an environmental loan insurance policy. Only loans/lines in 1st position are eligible. Policy costs range from $800-$1,200. This is a one-time cost and varies based on risk, loan term and loan amount.
2 Most property types are eligible. Environmentally sensitive properties may require an environmental loan insurance policy. Property located in a flood zone may require flood insurance. These expenses if applicable, are the borrowers responsibility. Collateral properties located in rural areas may not be eligible for this offer. Purchase loans require the borrower to pay title and escrow fees. Please contact us for details. Note on Texas properties: Commercial property owners having a personal residence situated on, or adjacent to, the collateral property are not eligible for this offer. See specific product pages for additional terms and conditions.
3 You will need to pay a non-refundable deposit of up to $1,000 when accepting the terms of any loan or line of credit. Your deposit will be credited at closing against the origination fee (if any) and environmental insurance fee (if any) payable by borrower in connection with the transaction. If your deposit exceeds the origination and environmental insurance fees amount due at closing, you will be reimbursed for any overage. If the state or other taxing authority imposes a tax or fee on the filing of a mortgage or a deed of trust, or if the bank determines that environmental or flood insurance is required, any applicable fees are your responsibility. All financing is subject to credit approval.
Terms for credit products are subject to final credit approval of the business and its owners. A physical address is required to receive a Wells Fargo business credit product. You must be an owner of this business and not already have this product. See Terms and Conditions for details at account opening.
Equal Housing Lender