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Digital Banking

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commercial real estate

Lending that helps transform communities.

At Five Star Bank, our goal is to provide service and support to commercial developers throughout the cities and neighborhoods we call home. Whether you're assembling a small portfolio of smaller projects or developing structures that require a special financial sophistication- our team can provide the financing solutions developers and doers require.

When you work with our Commercial Real Estate team, you will find:

  • Experienced professionals who meet your timeline at any project stage.
  • Tax credit capital structure experts.

  • Host of solutions for properties of different types and sizes.
  • Specialists in construction projects.

Financing Solutions

Our Commercial Real Estate Relationship Managers, along with our underwriting team, have the expertise and experience to craft customized financing solutions for a wide range of project sizes from small to large, with commensurate loan sizes and complexity. We serve Western and Central New York State, and have a wide range of real estate financial solutions for developers of every size:
  • Construction Loans: for both ground up and renovation projects
    • Our construction loan platform offers solutions for financing construction of brand new projects as well as renovations of existing properties, including historic. Our construction loan administration team works efficiently to assess the viability of new projects and to advance draws promptly so that contractors are paid on time- keeping your project on time and budget.
  • Acquisition Loans
  • Permanent Loans
  • Bridge Financing and Interim Loans


A community consists of properties of all types and the Five Star Bank Commercial Real Estate team has experience in handling the nuances of different property types, including:

  • Multi-family- including market rate apartments, affordable housing and senior zoning
  • Warehouse/Distribution
  • Industrial
  • Office
  • Retail
  • Hospitality
  • Mixed use

New Homes

We also offer homebuilder financing solutions for developing residential lot subdivisions as well as lines of credit for vertical construction of homes.

Tax Credit capital structure

Five Star Bank has expertise in tax credit capital structures that rely on Low Income Housing, Historic, Brownfield, and New Market tax credit equity.  Often, there are special subsidies included that require bridge financing along with the tax credit equity.  Five Star Bank is adept at providing the debt capital component for these structures.  Although our capacity is limited, we do have a tax credit equity investment capability as well.

Architectural rendering of Gerard Block apartment project in Elmira, NY.
Building a brighter tomorrow.
Community Project Highlight: Gerard Block Apartments
Elmira, NY

In September 2019, the Bank provided $6.4 million of construction loan financing and $9.0 million in Low Income Housing Tax Credit equity for the historic restoration and adaptive reuse of two existing buildings into 28 affordable apartment units and approximately 9,700 square feet of commercial space.

The apartments will provide workforce housing and artist housing with a live/work component for residents leasing studio space. The newly renovated commercial units will provide updated and attractive commercial space in downtown Elmira. Apartment units will be affordable for tenants with incomes at or below 50% or 60% of area median income (“AMI”).

It all starts with a vision and a plan!

Our experts share advice for developing a well-organized
and comprehensive financing request package.