Commercial Mortgage in Albany, NY
Find lenders offering commercial mortgage in the Albany, including Schenectady, Troy, Saratoga Springs, and surrounding areas. Compare rates, terms, and programs from 45 lenders.
Commercial Mortgage Lenders Serving Albany
45 lenders offering commercial mortgage in the Albany, NY area.
Manufacturers and Traders Trust Company
Local 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.
Grasshopper Bank National Association
Local SBANew York, NY
New York-based digital business bank offering SBA 7(a) and 504 loans, commercial lending, and innovative banking solutions. Combines fintech convenience with traditional banking for small business owners and startups.
Woori America Bank
Local SBANew York, NY
New York-based bank serving Korean-American and Asian-American business communities with SBA 7(a) loans, commercial real estate, and trade finance. A subsidiary of Woori Financial Group.
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.
Bank of Hope
SBALOS ANGELES, CA
One of the largest Korean-American banks in the U.S. and a top SBA 7(a) lender. Offers commercial real estate loans, SBA lending, trade finance, and full-service commercial banking with branches across major metro areas.
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 Internet Bank of Indiana
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.
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.
Albany Commercial Real Estate Market
Albany's CRE market benefits from the stability of New York State government employment and a growing technology sector centered on the Albany Nanotech Complex at SUNY Polytechnic Institute, which is one of the world's most advanced semiconductor research facilities. The downtown State Street corridor and adjacent warehouse district have seen mixed-use conversion activity, though government office demand remains the primary driver of the CBD. The suburban office and retail markets along the I-87/Northway corridor through Colonie and Clifton Park have captured private-sector growth, while Saratoga Springs to the north has developed into a premium submarket for hospitality and high-end retail. The Capital Region's cost of living remains significantly below New York City, attracting remote workers and small businesses to Troy's revitalizing downtown and Schenectady's innovation corridor near GE's legacy research campus.
Key Economic Drivers
- ●New York State government operations employing tens of thousands in the Capitol district and surrounding office complexes
- ●Albany Nanotech Complex at SUNY Poly attracting GlobalFoundries, IBM, and semiconductor R&D tenants
- ●Albany Medical Center and St. Peter's Health Partners generating regional healthcare CRE demand
- ●GlobalFoundries' Fab 8 semiconductor fabrication plant in nearby Malta driving workforce housing and commercial demand
Market Insight
The Albany Nanotech Complex has attracted over $20 billion in public and private investment for semiconductor research and manufacturing, positioning the Capital Region as a key node in the U.S. CHIPS Act-driven semiconductor supply chain buildout.
Commercial Mortgage in Albany, New York
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 Albany metro area, borrowers can access 45 lenders offering Commercial Mortgage financing, including Schenectady, Troy, Saratoga Springs, 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 New York Cities
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