Commercial Mortgage in Cleveland, OH
Find lenders offering commercial mortgage in the Cleveland, including Akron, Lakewood, Parma, and surrounding areas. Compare rates, terms, and programs from 41 lenders.
Commercial Mortgage Lenders Serving Cleveland
41 lenders offering commercial mortgage in the Cleveland, OH area.
The Huntington National Bank
Local 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.
U.S. Bank, National Association
Local 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.
United Midwest Savings Bank National Association
Local 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
Local 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.
JPMorgan Chase Bank, National Association
Local SBAColumbus, OH
The largest bank in the U.S. and an SBA preferred lender. Offers SBA 7(a) loans, conventional business lending, commercial real estate, lines of credit, and comprehensive financial services for businesses of all sizes.
KeyBank National Association
Local 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.
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.
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.
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.
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.
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 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.
Cleveland Commercial Real Estate Market
Cleveland's CRE market is defined by its healthcare and advanced manufacturing strengths, with the Cleveland Clinic and University Hospitals together forming one of the largest medical employment clusters in the country. The Health-Tech Corridor along Euclid Avenue from downtown through University Circle has attracted life sciences startups, medical device companies, and research facilities, creating a specialized submarket with growing lab and R&D space demand. The downtown core has seen meaningful residential conversion activity in the Warehouse District and East 4th Street area, while the lakefront around North Coast Harbor is positioned for long-term redevelopment. The I-77 and I-480 corridors through Independence and Brecksville form the primary suburban office submarket, while industrial demand remains anchored by the steel, polymer, and automotive supply chain along the I-90 corridor east toward Mentor.
Key Economic Drivers
- ●Cleveland Clinic's global healthcare operations and research campus driving medical office and life sciences demand
- ●NASA Glenn Research Center and its aerospace technology cluster supporting specialized industrial tenants
- ●KeyBank and Progressive Insurance headquarters sustaining downtown and suburban office absorption
- ●Port of Cleveland and steel/polymer manufacturing base generating industrial CRE demand along the I-90 corridor
Market Insight
Ohio's Historic Preservation Tax Credit program, which offers a 25% state credit on qualified rehabilitation expenditures, has been particularly impactful in Cleveland, where over $5 billion in historic building rehabilitations have been completed in the downtown and University Circle areas.
Commercial Mortgage in Cleveland, Ohio
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 Cleveland metro area, borrowers can access 41 lenders offering Commercial Mortgage financing, including Akron, Lakewood, Parma, 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 Ohio Cities
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