Southwest Heritage Bank

Southwest Heritage Bank is a community bank operating in Arizona and New Mexico. Its commercial real estate loans are written to build, buy or refinance commercial property, alongside SBA loans, business lines of credit, residential construction and home mortgages, and the usual business deposit, treasury and cash management services.

The published terms on the commercial real estate product are a maximum of 75% loan to value including fees financed, fully amortizing or balloon payment structures, repayment terms set to the business, and construction funds disbursed across the construction schedule. Documentation required includes a copy of the purchase contract on a purchase, the most recent property tax assessment, and the two most recent years of business and personal tax returns, with an outside appraisal possible. All owners with at least 20% ownership are required to guarantee. The bank emphasizes local decision-making and processing and lending staff who know the Arizona market.

The branch network covers Scottsdale, Gilbert, Tucson, Green Valley, Las Cruces and Alamogordo, with a corporate headquarters in Scottsdale that provides no branch services, and market presidents assigned to Tucson, Phoenix, Alamogordo and Las Cruces/El Paso. The bank's investor relations page states that Bancorp 34, Inc. is the holding company and that its shares trade on the OTCQB market under the symbol BCTF, with quarterly results reported to its federal regulator through public Call Reports.

The loan page does not state a minimum loan size, pricing, or whether non-owner-occupied investment property qualifies, and it notes that property insurance, flood hazard insurance, an appraisal or other conditions may be required. Ask a market president about eligibility for investor-held property before applying.