Commercial Mortgage in Tacoma, WA
Find lenders offering commercial mortgage in the Tacoma, including Lakewood, Puyallup, Federal Way, and surrounding areas. Compare rates, terms, and programs from 43 lenders.
Commercial Mortgage Lenders Serving Tacoma
43 lenders offering commercial mortgage in the Tacoma, WA area.
Banner Bank
Local SBAWALLA WALLA, WA
Pacific Northwest regional bank headquartered in Walla Walla, Washington. Offers SBA 7(a) loans, commercial real estate, agricultural lending, and business banking across Washington, Oregon, Idaho, and California.
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.
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 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.
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.
Brookline Bank, a Division of Beacon Bank and Trust
SBABrookline, MA
Community bank in the Boston metro area and SBA preferred lender. Offers SBA 7(a) loans for business expansion, equipment, and commercial real estate, along with conventional commercial lending and treasury services.
Tacoma Commercial Real Estate Market
Tacoma has positioned itself as a more affordable alternative to Seattle, attracting tenants and investors priced out of King County with significantly lower office rents and industrial lease rates along the Port of Tacoma and Fife corridor. The downtown core has undergone a cultural revitalization anchored by the Museum District, the University of Washington Tacoma campus, and adaptive reuse of historic warehouse buildings into creative office and residential lofts. The Port of Tacoma, part of The Northwest Seaport Alliance with the Port of Seattle, is a major container gateway that supports substantial industrial and logistics CRE demand in Fife, Lakewood, and the I-5 corridor south. Joint Base Lewis-McChord (JBLM) in Lakewood is one of the largest military installations in the western U.S. and generates consistent demand for retail, multifamily, and service-oriented commercial space.
Key Economic Drivers
- ●Port of Tacoma and The Northwest Seaport Alliance container operations
- ●Joint Base Lewis-McChord military installation with 40,000+ military and civilian personnel
- ●University of Washington Tacoma and Pacific Lutheran University anchoring downtown redevelopment
- ●I-5 corridor industrial and logistics growth between Seattle and Olympia
Market Insight
Tacoma's downtown vacancy rate has tightened significantly as tenants migrated south from Seattle seeking lower rents, with historic warehouse conversions in the Brewery District and UW Tacoma corridor commanding lease rates still 30-40% below comparable Seattle spaces.
Commercial Mortgage in Tacoma, Washington
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 Tacoma metro area, borrowers can access 43 lenders offering Commercial Mortgage financing, including Lakewood, Puyallup, Federal Way, 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
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