Commercial mortgage lenders in Washington, D.C. can help you finance your business property or borrow against its equity. Commercial mortgage lenders, banks, and third-party lenders offer commercial lending. Washington, D.C. is serviced by small local companies as well as national sources. Commercial lenders often offer greater flexibility and faster financing, but rates may be higher compared to standard bank loans.
Real estate rehabilitation, acquisition, and construction are some projects that can be financed with commercial lending. Washington, D.C. property types that can benefit from these services include industrial, retail, office space, and multifamily properties. Some features to look for when choosing Washington, D.C. commercial mortgage lenders are:
1. Seek out lenders with experience in the type of property you are purchasing or developing.
2. Find Washington, D.C. commercial mortgage firms that offer a variety of fixed and adjustable rate loans.
3. Look for flexible refinancing and supplemental terms from D.C. commercial mortgage lenders.
Action Steps
The best contacts and resources to help you get it done
Check out smaller local banks that are Washington, D.C. commercial mortgage lenders
Local banks are often more committed to helping local businesses improve the community than large lenders. Many local banks can provide a commercial mortgage. Washington, D.C. is serviced by several smaller banks that are based in the immediate area.
I recommend: City First Bank works with small businesses and non-profits to support undeserved communities in Washington, D.C. Commercial lending services include real estate, working capital, and small business loans.
Industrial Bank provides commercial loans for commercial, institutional, and residential properties. They also offer services to meet the unique needs of non-profit and faith-based organizations.
Chevy Chase Bank provides financial solutions for mid-sized-to-large non-profit organizations and business.
Go online to find a Washington, D.C. commercial mortgage broker
With a few clicks of your mouse, online broker services will help you submit applications to multiple commercial mortgage lenders in Washington, D.C.
I recommend: With a huge online database of lenders and brokers,
LendingUniverse can put you in touch with Washington, D.C. commercial mortgage providers.
C-Loans has an Internet database of more than 700 commercial lenders. Both sites allow you to enter an application online and get results quickly.
Consider national and regional Washington, D.C. commercial mortgage brokers
A large broker or bank can offer flexibility and low rates on a commercial mortgage. Washington, D.C. is serviced by several regional and national institutions.
I recommend: Green Park Financial specializes in multi-family housing lending.
Laureate Capital LLC represents several portfolio lenders and has long-standing relationships with capital market sources, government agencies and life insurance companies.
Wachovia and
Bank of America offer commercial lending services online and at their Washington, D.C. branch offices.
Tips & Tactics
Helpful advice for making the most of this Guide
- Get references from the commercial lenders in Washington, D.C. you are considering and check them thoroughly.
- Have all your paperwork in order, and know what your equity and collateral are worth.
The official source of Commercial Mortgage Lenders in Washington, D.C. is
the Commercial Mortgage Lenders in Washington, D.C. page at Business.com
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