Commercial mortgage lenders provide loans for commercial, retail and industrial properties as well as for expanding an existing business property. The business mortgage process is very different from the residential mortgage process. Commercial loan rates vary considerably based on the amount and duration of the loan as well as on the lender. Researching commercial loan rates can be a time-consuming task. That’s why you may want to consider using commercial mortgage brokers in the U.S. to simplify the task.
Commercial mortgage brokers research commercial lenders for you and root out the best commercial lending rates. In addition, commercial mortgage brokers often have access to deals on commercial loan financing that you may not be able to find on your own.
The best contacts and resources to help you get it done
Search commercial mortgage brokers and lenders associations
Commercial mortgage lenders associations and commercial mortgage brokers associations can help you locate professionals with expertise in commercial mortgage lending.
I recommend: At
Assessor Links USA, you can find a state-by-state list of associations for mortgage banks, many of which offer commercial loan financing. Many of the members listed at the
National Association of Mortgage Brokers are commercial mortgage brokers.
Use online sources to search for commercial mortgage lenders in the U.S.
Take advantage of a variety of online sources to scout out commercial lenders.
I recommend: At
C-Loans.com, you can fill out a mini-application online and the system sorts through its database of 700 commercial mortgage lenders to find the lenders that best fit your needs.
Work with national commercial lenders
Many national mortgage companies are lenders for commercial loans as well as residential loans. These national commercial lenders offer several commercial mortgage lending products that may be right for you.
I recommend: Check national commercial lenders, such as
Wells Fargo,
Citibank and
Wachovia. Other national lenders for commercial loans include
Commercial Direct and
Romax Commercial Capital.
Commercial mortgage lenders include local and regional banks
When searching for lenders for commercial loans, don't forget about your local bank.
I recommend: To find banks by state, check the directories at
LocalLender.info or
USCITY.net, where many of the banks listed offer both residential and commercial loan financing.
Rely on business mortgage experts for info on the commercial lending industry
Blogs written by commercial mortgage experts can offer insight about commercial mortgage lenders in the U.S. and the lending industry in general.
I recommend: Check out the commercial real estate loan blog from
C-Loans.com. Another blog to check is
Transparent Real Estate, which offers news and opinions on the commercial real estate market and on commercial mortgage lenders in the U.S.
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