Commercial Mortgage in Indianapolis, IN
Find lenders offering commercial mortgage in the Indianapolis, including Carmel, Fishers, Noblesville, and surrounding areas. Compare rates, terms, and programs from 33 lenders.
Commercial Mortgage Lenders Serving Indianapolis
33 lenders offering commercial mortgage in the Indianapolis, IN area.
First Internet Bank of Indiana
Local SBAFISHERS, IN
Nation's first state-chartered, FDIC-insured internet bank and a top SBA preferred lender. Offers SBA 7(a) loans, conventional commercial lending, franchise financing, and healthcare practice loans nationwide.
Old National Bank
Local SBAEVANSVILLE, IN
Midwest-based regional bank and SBA preferred lender. Offers SBA 7(a) loans, conventional commercial lending, commercial real estate financing, treasury management, and wealth management for small and mid-sized businesses.
Merchants Bank of Indiana
Local SBACARMEL, IN
Carmel, Indiana-based SBA Preferred Lender offering faster approvals and flexible SBA 7(a) financing. Provides commercial real estate loans, equipment financing, and business banking services.
Everwise Credit Union
Local SBASOUTH BEND, IN
South Bend, Indiana-based credit union offering SBA 7(a) loans, commercial real estate, and business banking with credit union rates. Serves members throughout Indiana.
Live Oak Banking Company
SBAWILMINGTON, NC
One of the nation's top SBA 7(a) lenders, specializing in lending to small businesses across healthcare, veterinary, beverage, self-storage, and other industries. Offers SBA loans, USDA loans, conventional business loans, and commercial real estate financing.
The Huntington National Bank
SBACOLUMBUS, OH
Major regional bank and consistently one of the top SBA lenders in the country by number of loans. Offers SBA 7(a) and 504 loans alongside conventional business lending, commercial real estate, and treasury management services.
Newtek Bank, National Association
SBAMiami, FL
Technology-driven SBA preferred lender providing 7(a) loans to small and medium-sized businesses nationwide. Part of Newtek Business Services Corp, offering integrated business solutions including lending, payments, and technology services.
U.S. Bank, National Association
SBACincinnati, OH
Fifth-largest commercial bank in the U.S. and a top SBA preferred lender. Offers SBA 7(a) and 504 loans, conventional commercial lending, commercial real estate, and a full suite of business banking products.
Celtic Bank Corporation
SBASALT LAKE CITY, UT
Industrial bank and top SBA preferred lender headquartered in Salt Lake City. Specializes in SBA 7(a) lending for business acquisitions, partner buyouts, commercial real estate, and working capital. Also offers USDA business loans.
Readycap Lending, LLC
SBABERKELEY HEIGHTS, NJ
Non-bank SBA preferred lender offering SBA 7(a) and 504 loans nationwide. Specializes in commercial real estate, business acquisition, and expansion financing for small businesses. Known for fast closings and flexible underwriting.
GBank
SBALAS VEGAS, NV
Fast-growing community bank based in Las Vegas and a top SBA preferred lender. Specializes in SBA 7(a) loans for hospitality, gas stations, convenience stores, and commercial real estate acquisition.
Wells Fargo Bank National Association
SBASioux Falls, SD
One of the largest banks in the U.S. and a major SBA preferred lender. Offers the full range of SBA programs including 7(a) and 504 loans, alongside conventional commercial lending, commercial real estate, and equipment financing.
First Bank of the Lake
SBAOsage Beach, MO
Community bank based at the Lake of the Ozarks and a top SBA 7(a) preferred lender. Specializes in SBA lending for business acquisitions, commercial real estate, and partner buyouts. Known for lending to franchises and hospitality businesses.
United Midwest Savings Bank National Association
SBADE GRAFF, OH
Community bank and SBA preferred lender based in Ohio. Specializes in SBA 7(a) loans for small businesses, including business acquisitions, commercial real estate, and working capital financing.
Fifth Third Bank
SBACINCINNATI, OH
Major regional bank and SBA preferred lender with operations across the Midwest and Southeast. Offers SBA 7(a) and 504 loans, conventional commercial lending, equipment financing, and commercial real estate loans.
Indianapolis Commercial Real Estate Market
Indianapolis has positioned itself as a premier Midwest logistics and life sciences hub, with its central location at the crossroads of I-65, I-69, I-70, and I-74 supporting one of the nation's most active industrial markets. The downtown Mile Square and Mass Ave corridor have attracted tech and professional services tenants, while the 16 Tech Innovation District — a 60-acre biotech and tech campus near the IUPUI campus — represents the city's most ambitious urban redevelopment initiative. The north suburban corridor through Carmel, Fishers, and Noblesville has seen strong corporate campus and mixed-use development, with Salesforce, Eli Lilly, and Roche Diagnostics maintaining major presences. The city's convention and sports tourism infrastructure, anchored by the Indiana Convention Center and Lucas Oil Stadium, drives hospitality CRE demand.
Key Economic Drivers
- ●Eli Lilly headquarters and life sciences research corridor through IUPUI and 16 Tech
- ●I-70 and I-65 interchange logistics and e-commerce fulfillment warehouse demand
- ●Salesforce and tech sector growth in downtown and Fishers
- ●North suburban corporate campus development in Carmel and Noblesville
Market Insight
Indiana's constitutional property tax cap limits commercial property taxes to 3% of assessed value, providing CRE investors with a hard ceiling on tax liability — combined with construction costs roughly 20% below the national average, this makes Indianapolis one of the most cost-competitive major industrial markets in the country.
Commercial Mortgage in Indianapolis, Indiana
Conventional commercial mortgages provide long-term financing for stabilized, income-producing commercial properties. Offered by banks, credit unions, and institutional lenders with competitive rates for qualified borrowers and properties. In the Indianapolis metro area, borrowers can access 33 lenders offering Commercial Mortgage financing, including Carmel, Fishers, Noblesville, and surrounding areas. Loan amounts typically range from $250K to $50M with rates from 6% - 8%.
Who Should Consider Commercial Mortgage?
- Stabilized income properties
- Long-term holds
- Refinancing
- Experienced investors
Key Requirements
- Stabilized property with income history
- DSCR ≥ 1.20-1.25
- LTV ≤ 75-80%
- Borrower experience and liquidity
Advantages
- ✓Lower rates than bridge/hard money
- ✓Longer terms
- ✓Predictable payments
- ✓Build equity over time
Considerations
- •Stricter underwriting
- •Longer closing timeline
- •Prepayment penalties
- •Recourse may be required
Commercial Mortgage in Other Indiana Cities
Find Commercial Mortgage Lenders in Indianapolis
Get matched with lenders offering commercial mortgage in the Indianapolis, IN area. Free for borrowers.
Get Matched — Free →