Commercial Mortgage in Minneapolis, MN
Find lenders offering commercial mortgage in the Minneapolis, including St. Paul, Bloomington, Plymouth, and surrounding areas. Compare rates, terms, and programs from 20 lenders.
Commercial Mortgage Lenders Serving Minneapolis
20 lenders offering commercial mortgage in the Minneapolis, MN area.
BankVista
Local SBASARTELL, MN
Sartell, Minnesota-based community bank offering SBA 7(a) loans, commercial real estate, and business banking. Serves small businesses across central Minnesota with personalized lending.
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.
US Metro Bank
SBAGARDEN GROVE, CA
Community bank serving Southern California's diverse business community. A top SBA 7(a) lender specializing in commercial real estate and business acquisition loans, with particular strength in the Korean-American business community.
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.
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.
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.
Old National Bank
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.
Minneapolis Commercial Real Estate Market
Minneapolis, together with neighboring St. Paul, forms one of the most diversified and corporate-rich CRE markets in the Midwest, anchored by 16 Fortune 500 headquarters. The downtown office market is concentrated along Nicollet Mall and the Marquette Avenue financial corridor, with the skyway system connecting 9.5 miles of enclosed retail and office space. The North Loop (Warehouse District) has become the metro's premier creative office and luxury multifamily submarket, attracting tech companies and startups. The I-394 and I-494 suburban corridors in Minnetonka, Bloomington, and Eden Prairie form a large secondary office market, while industrial demand is strongest in the northwest suburbs around Maple Grove and Rogers along I-94.
Key Economic Drivers
- ●Fortune 500 headquarters including Target, UnitedHealth Group, U.S. Bancorp, and Best Buy
- ●University of Minnesota Twin Cities research campus and medical device innovation ecosystem
- ●Mayo Clinic Health System, Allina Health, and Hennepin Healthcare medical campuses
- ●MSP International Airport and the Bloomington/Mall of America retail and hospitality cluster
Market Insight
Minneapolis was the first major U.S. city to eliminate single-family-only zoning citywide in its 2040 Comprehensive Plan, significantly expanding multifamily and mixed-use development potential across neighborhoods that were previously restricted to single-family housing.
Commercial Mortgage in Minneapolis, Minnesota
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 Minneapolis metro area, borrowers can access 20 lenders offering Commercial Mortgage financing, including St. Paul, Bloomington, Plymouth, 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 Minnesota Cities
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