Commercial Mortgage Lenders
When you are ready to apply for a commercial mortgage, please click on this link to return our home page and submit your commercial loan request to our databank of 750 commercial mortgage lenders.
Who makes commercial mortgage loans right now? Is it the savings and loan associations? Are there a bunch of finance companies out there making commercial real estate loans? No. Most commercial real estate loans today come from only four major classes of commercial mortgage lenders:
- Commercial banks are the largest single class of commercial mortgage lenders. They don't always make the absolute largest commercial mortgage loans, but in terms of the number of different transactions, commercial banks make the largest number of commercial real estate loans. About 450 different commercial banks receive commercial loan applications from C-Loans.
- Life companies typically make the very largest commercial loans. Few life companies will make commercial real estate loans of less than $5 million. In addition, these properties are either brand new or they are the most attractive and best located buildings in the entire city. Life companies typically only finance core properties - properties that are so desirable that they will stay fully-leased, even in the most severe recession. Most of us mere mortals will never successfully close a loan with a life company; but about 30 life companies do participate on C-Loans.
- Conduits originate CMBS loans. CMBS stands for commercial mortgage-backed securities, so a CMBS loan is one that is destined to become securitized. During the Great Recession, all CMBS lending ground to a virtual halt. In recent months, however, CMBS lending has risen from the dead. Large banks and investment banks are now regularly making CMBS loans - but only if the loan is larger than $5 million and the collateral is one of the four basic food groups (multifamily, office, retail, and Industrial) and the property is located in a primary market (New York City, Boston, Chicago, Dallas, Houston, San Francisco and Los Angeles.) About 50 conduits participate on C-Loans.
- Hard money lenders, including a few surviving mortgage REIT's, are the last active class of commercial mortgage lenders. These lenders mainly write bridge loans, which are fast, short term and expensive loans. About 200 hard money lenders participate on C-Loans, and they are very, very active right now. Because banks are so picky right now when it comes to commercial real estate loans, 2011 is arguably the Year of the Hard Money Lender.
When you are ready to apply for a commercial mortgage, please click on this link to return our home page and submit your commercial loan request to our databank of 750 commercial mortgage lenders.
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