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FDIC-Insured - Backed by the full faith and credit of the U.S. Government

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      A building being under construction
      Accessible and Accountable

      Looking to mitigate risk and enhance opportunities? Turn to Old National for your CRE needs.

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      Commercial Real Estate

      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.

      • Two colleagues outside looking at a building

        Our Experienced Team

        Our Relationship Managers average more than 20 years of experience in commercial real estate lending.

        • We are accessible and accountable, providing you with one point of contact from application to approval to closing and beyond.  
        • We are consistent and reliable, delivering what we promise with certainty of execution.  
        • We are streamlined and efficient, handling all underwriting and portfolio management in-house. 
        • All of our credit decisions are made locally by people who understand the marketplace.  
      • A warehouse that is up for sale

        What We Offer

        Property types financed:

        • Apartments
        • Industrial
        • Self Storage
        • Retail
        • Office
        • Manufactured Housing

        Financing Options:

        • Construction, Value Add and Term financing available
        • Fixed and floating rate options available
      • Meeting amongst future clients

        Where We Operate

        We serve clients anywhere within the expanding footprint of Old National, which currently includes: 

        • Illinois
        • Indiana
        • Iowa
        • Kentucky
        • Michigan
        • Minnesota
        • Missouri
        • Ohio
        • Tennessee
        • Wisconsin

        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

      CREDIT FOR GROWTH

      From term loans to alternative financing, Relationship Managers at Old National Bank are ready to help you grow your business.3

      Explore Lending Options

      ASSET BASED LENDING

      Get access to the resources you need for automation, product innovation, and more with our asset based lending group.

      Explore Your Options

      WEALTH MANAGEMENT

      Advice and a suite of customized financial solutions to help you manage all aspects of your financial life — whether you are focused on growing wealth, maintaining the nest egg you have built, or protecting your family’s future.2

      Get More Info

      Connect With Us

      FIND US

      Locate a banking center, look up hours, or search for surcharge-free ATMs.

      CALL US AT 800-731-2265

      Sometimes a phone call makes a world of difference. Just reach out!

      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.
      3 All loan products are subject to credit review and approval. If the security interest is property, proof of property insurance will be required.