Commercial Mortgage in Portland, ME
Find lenders offering commercial mortgage in the Portland, including South Portland, Scarborough, Westbrook, and surrounding areas. Compare rates, terms, and programs from 12 lenders.
Commercial Mortgage Lenders Serving Portland
12 lenders offering commercial mortgage in the Portland, ME area.
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.
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.
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.
Byline Bank
SBACHICAGO, IL
Chicago-based bank and one of the top SBA 7(a) lenders in the Midwest. Provides SBA loans, commercial real estate financing, equipment loans, and government-guaranteed lending for small and mid-sized businesses.
TD Bank, National Association
SBAWILMINGTON, DE
One of the 10 largest banks in the U.S. and a major SBA preferred lender. Offers SBA 7(a) and Express loans, conventional business lending, commercial real estate, and treasury management services across the eastern U.S.
Manufacturers and Traders Trust Company
SBABUFFALO, NY
M&T Bank is a major regional bank and one of the top SBA lenders by loan count in the Northeast. Offers SBA 7(a), Express, and 504 loans alongside a full range of commercial banking, commercial real estate, and small business products.
Pathward National Association
SBASIOUX FALLS, SD
Technology-forward financial institution and SBA preferred lender. Specializes in SBA 7(a) loans, warehouse lending, and commercial finance solutions. Known for serving underbanked markets and fintech partnerships.
KeyBank National Association
SBACLEVELAND, OH
Major regional bank and SBA preferred lender with nationwide commercial banking operations. Offers SBA 7(a) and 504 loans, conventional business lending, commercial real estate, equipment finance, and capital markets services.
Shoreham Bank
SBAWarwick, RI
Rhode Island-based community bank and SBA preferred lender. Offers SBA 7(a) loans for business acquisitions and commercial real estate, with a focus on hospitality and franchise financing in the Northeast.
Portland Commercial Real Estate Market
Portland, Maine, has developed one of the strongest small-city CRE markets in New England, anchored by a nationally acclaimed food and beverage scene, a thriving creative economy, and a growing professional services sector. The Old Port district along Fore Street and Commercial Street is the retail and hospitality core, with extremely limited vacancies and rents that rival much larger markets for premium space. The East Bayside and Thompson's Point neighborhoods are undergoing significant redevelopment into mixed-use projects combining creative office, residential, and entertainment uses. Limited developable land on the peninsula constrains new supply and supports asset values across all commercial categories.
Key Economic Drivers
- ●Maine Medical Center and Northern Light Mercy Hospital healthcare campuses
- ●Food, beverage, and craft brewing industry including Allagash, Shipyard, and dozens of restaurant groups
- ●IDEXX Laboratories and WEX Inc. technology and financial services headquarters
- ●Tourism and cruise ship port activity generating 1 million-plus annual visitors
Market Insight
Portland's peninsula geography severely limits new commercial construction, resulting in an office vacancy rate that has consistently run well below the national average and making existing commercial properties on the peninsula particularly valuable to long-term holders.
Commercial Mortgage in Portland, Maine
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 Portland metro area, borrowers can access 12 lenders offering Commercial Mortgage financing, including South Portland, Scarborough, Westbrook, 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 Maine Cities
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