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Commercial Mortgage in Scranton, PA

Find lenders offering commercial mortgage in the Scranton, including Wilkes-Barre, Hazleton, and surrounding areas. Compare rates, terms, and programs from 47 lenders.

Lenders
47
Typical Rate
6% - 8%
Down Payment
20-30%
Term
5-30 years (often 5-10 year terms with 25-30 year amortization)
Closing Time
30-60 days

Which Commercial Mortgage lenders serve Scranton?

47 lenders offering commercial mortgage in the Scranton, PA area.

First Commonwealth Bank

Local SBA

Indiana, PA

Pennsylvania-based community bank offering SBA 7(a) loans, commercial real estate, equipment financing, and business lines of credit. Serves small businesses across Pennsylvania and Ohio.

52 SBA loans
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First National Bank of Pennsylvania

Local SBA

GREENVILLE, PA

One of the oldest banks in the U.S., offering SBA 7(a) loans, commercial real estate, equipment financing, and business lines of credit. Serves businesses across Pennsylvania, Ohio, Maryland, and surrounding states.

34 SBA loans
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Firstrust Savings Bank

Local SBA

CONSHOHOCKEN, PA

Conshohocken, Pennsylvania-based bank offering SBA 7(a) loans, commercial real estate, and business banking. Family-owned bank serving the greater Philadelphia area since 1934.

18 SBA loans
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Quaint Oak Bank

Local SBA

Southampton, PA

Southampton, Pennsylvania-based community bank offering SBA 7(a) loans, commercial real estate, and residential lending. A growing community bank serving businesses in the greater Philadelphia region.

15 SBA loans
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Fulton Bank, National Association

Local SBA

LANCASTER, PA

Lancaster, Pennsylvania-based regional bank offering SBA 7(a) loans, commercial real estate, equipment financing, and business lines of credit. Serves businesses across Pennsylvania, New Jersey, Maryland, Delaware, and Virginia.

26 SBA loans
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Live Oak Banking Company

SBA

WILMINGTON, 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.

628 SBA loans
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The Huntington National Bank

SBA

COLUMBUS, 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.

1337 SBA loans
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Newtek Bank, National Association

SBA

Miami, 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.

1039 SBA loans
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U.S. Bank, National Association

SBA

Cincinnati, 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.

846 SBA loans
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Celtic Bank Corporation

SBA

SALT 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.

442 SBA loans
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US Metro Bank

SBA

GARDEN 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.

85 SBA loans
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Readycap Lending, LLC

SBA

BERKELEY 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.

563 SBA loans
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GBank

SBA

LAS 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.

54 SBA loans
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Wells Fargo Bank National Association

SBA

Sioux 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.

220 SBA loans
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First Internet Bank of Indiana

SBA

FISHERS, 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.

106 SBA loans
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What does the Scranton commercial real estate market look like?

Scranton's commercial real estate market has shifted from its legacy coal-mining economy to one driven by warehouse and distribution operations, healthcare, and higher education. The I-81 corridor through Lackawanna and Luzerne counties has attracted major logistics operations, including facilities for Chewy, Amazon, and TJX Companies, as distribution tenants seek lower land costs relative to the Lehigh Valley and northern New Jersey. Downtown Scranton has seen modest revitalization through historic tax credit projects converting former commercial buildings into mixed-use properties, with the University of Scranton serving as a key urban anchor. The Wilkes-Barre adjacent market adds scale, with the Mohegan Sun Pocono casino-resort and Wyoming Valley Mall submarket generating hospitality and retail demand.

Key Economic Drivers

  • I-81 industrial corridor attracting e-commerce and third-party logistics distribution centers
  • Geisinger Health System and Commonwealth Health regional hospital networks
  • University of Scranton, Marywood University, and Wilkes University providing institutional demand
  • Mohegan Sun Pocono and Poconos tourism driving hospitality property investment

Market Insight

The Scranton-Wilkes-Barre market offers warehouse rents and land costs that are 30-50% below the Lehigh Valley, making it an increasingly attractive option for logistics operators willing to locate slightly farther from the New York metro area.

How do commercial mortgage work in Scranton, Pennsylvania?

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 Scranton metro area, borrowers can access 47 lenders offering Commercial Mortgage financing, including Wilkes-Barre, Hazleton, 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

What are the 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 Scranton FAQ

How many Commercial Mortgage lenders serve Scranton, PA?
There are 47 lenders offering commercial mortgage in the Scranton metro area. Of these, 5 are headquartered in Pennsylvania, including First Commonwealth Bank, First National Bank of Pennsylvania, Firstrust Savings Bank. Loan amounts typically range from 250K to 50M with rates from 6% - 8%.
What are Commercial Mortgage loan rates in Scranton?
Commercial Mortgage loan rates in Scranton typically range from 6% - 8%, though exact rates depend on factors like your credit score, the property's cash flow, and loan-to-value ratio. Down payments usually run 20-30%, and closing can take 30-60 days. Compare multiple Scranton-area lenders to find the best terms for your deal.
What's the difference between a commercial mortgage and a residential mortgage?
Commercial mortgages are for income-producing properties (5+ units, office, retail, etc.). They're underwritten primarily on the property's income, not the borrower's personal income. Terms are typically shorter with balloon payments.

Where else can I find commercial mortgage in Pennsylvania?

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