Whether you are building a new business or buying an existing company, finding the right commercial Tennessee mortgage lending companies should be your first priority. These TN mortgage lenders, whether they are direct lenders or brokers, are finance professionals that can help you decide which type of mortgage is best for your company as well as get you the best rate available. Not all mortgage lenders in Tennessee will be a match for your company. It is imperative that you find one that is honest and adheres to ethical standards.
The first step in finding the right Tennessee mortgage lenders is to consider the type of service you want. Think about these options when deciding:
1. Consider local Tennessee mortgage companies for neighborhood service.
2. Take advantage of convenient online services with a TN mortgage company with a national presence.
3. Team up with a mortgage lending company in Tennessee who belongs to trusted trade associations.
Action Steps
The best contacts and resources to help you get it done
Use a local Tennessee mortgage lender when you want in-person service
Local mortgage lenders in TN will have a better sense of the real estate vendors in your area. They can also provide useful information into the demand of the type of commercial property you are looking into. This can prove invaluable to the success of your business venture. Another advantage of using a local lender is the relationship you will build with them over time. This can save you money in the future because they will know what rates you are looking for and can notify you of any fluctuations.
I recommend: First Southern Mortgage Corporation has offices in Knoxville, Memphis and Nashville and can assist you with all of your commercial mortgage needs.
Home Sweet Loans, located in central TN, is a lender to consider when looking for a commercial mortgage. The
Bank of Nashville has several commercial mortgage options to choose from.
Take advantage of a mortgage lender in TN that has online services and a national presence
If you are more interested in working with a "big fish," then consider using mortgage lending companies in Tennessee that provide lending for commercial properties not only in your state, but throughout the rest of the country as well. Many times these lenders and brokers have online applications and quote request forms that you can access 24 hours a day from anywhere.
I recommend: Colliers Turley Martin Tucker is a mortgage brokerage firm that can hook you up with the right loan for your business. They have an office in Nashville as well as regional offices throughout the country.
Commercialbanc provides financing for all of your commercial needs. They have offices throughout the state.
Wachovia understands your business mortgage needs. They have several
branch centers in Tennessee.
Work with trusted TN mortgage lending companies to ensure the validity of your transaction
Unfortunately in today's society there are lenders, including TN mortgage lenders, that do not comply with rules of lending or a financial code of ethics. Working with a lender that belongs to a professional association will go a long way to protecting your company's assets.
I recommend: The
Tennessee Mortgage Bankers Association is a trusted group of residential and commercial mortgage lenders and brokers located throughout the state. The
Mortgage Bankers Association is a nationally recognized association of professionals in the real estate finance industry. Check out their search function to find a lender in your neck of the woods. Finally, the
Mortgage Bankers Association of Memphis has many members who specialize in commercial mortgages.
Tips & Tactics
Helpful advice for making the most of this Guide
- Interview at least three Tennessee mortgage lending companies before making a decision. Try to make at least one visit to the office to get a feel for the company's professionalism.
The official source of Mortgage Lenders in Tennessee is
the Mortgage Lenders in Tennessee page at Business.com
Subscribe to
Try our free weekly WhatWorks newsletter, with business how-to advice
& resources from Work.com.