Commercial Lending Banks | List of the Top Commercial Lending Banks
Private funding is becoming more common in the commercial mortgage industry, because commercial lending banks now have more stringent qualification criteria and are now less likely to approve of loans. But these banks are still a popular choice in the lending world because they’re well known, which means that their fees and rates are more likely to be standardized and they’re easier to hold accountable if anything goes wrong.
Most Common Commercial Lending Banks for Borrowers
Dozens of different banks provide commercial lending services for qualified borrowers. Your own local bank may also offer such a service. Banks also sometimes offer wholesale and retail lending, but in general when borrowers turn to commercial lending banks they go through retail.
Many of the banks that provide the most commercial funding also handle traditional mortgages, personal banking, and more. In 2013, the following banks provided the most funding to commercial property borrowers:
- Bank of America
- US Bankcorp (US Bank)
- Wells Fargo
- Prudential
- Key Bank
- JP Morgan Chase
- HSBC Bank
Bank of American tops the list with over 27 billion dollars worth of property financing in 2013 alone. Wells Fargo and US Bank come in a close second with 26 billion.
Even though these commercial lending banks provide the most loan financing, they are just one of the many choices that you have as a borrower to fund your next commercial property. Even within these banks you’ll still want to shop around for the best rate, as well as consider other banks, other direct lenders, and possible mortgage brokers.
CRE Lender and Connecting You to the Help You Need
CRE Lender is neither a lender nor a broker. What we are is a company that will help you find the best possible rate for your loan. Whether it’s a commercial lending bank, a private lender, or something more creative – our experts are versed in connecting investors to the lenders that will fund the project in the most advantageous way.
We treat your loan the way it deserves to be treated. Find out more about our services and the potential to close on your deal by signing up with CRE Lender today.
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