Commercial Loan Direct (CLD) provides commercial real estate loans in the state of Alabama. Current commercial loan rates in Alabama range from 5% to 12.95%, depending on the loan program. CLD is a national commercial mortgage banker offering aggressively priced programs and superb service. CLD originates loans for its parent company CLD Financial which provides a wide variety of lending vehicles. Our company is currently targeting owner occupied and investment properties over $1 Million in the state of AL.
Note: The commercial mortgage rates displayed in this website should be used as a guideline and do not represent a commitment to lend. Commercial Loan Direct and CLD Financial, LLC are not liable for any commercial mortgage interest rate or data entry errors that might affect the displayed commercial loan rates. Commercial loan rates may change at any time and without notice.
The types of mortgages available for these types of properties are Conventional, CMBS / Conduit, Insurance, and Agency (FHA / HUD and USDA) products. Bridge and/or Construction mortgages are also available on a case-by-case basis in order to reposition, stabilize or construct buildings. Commercial real estate investment properties can include office, retail, industrial/warehouse, self-storage, healthcare (medical office, skilled nursing facility, memory care, hospitals), hospitality, (hotel, motel, resort), and mixed use.
Owner-Occupied commercial real estate properties in which the owner occupies at least 50% of the premises and can include office, retail, industrial/warehouse, self-storage, healthcare (medical office, skilled nursing facility, memory care, hospital), hospitality (hotel, motel, resort), mixed use, or any other type of commercial property. The types of mortgages available for owner-occupied buildings include Conventional, Insurance, and Agency programs including FHA / HUD, SBA, and USDA. Construction mortgages are also available on a case-by-case basis in order to develop or reposition a property for the owner's use.
Alabama’s commercial lending market is active but selective. Most lenders are still doing deals, but underwriting is tighter than a few years ago: stronger debt service coverage, more equity, and heavier focus on tenant strength and cash-flow durability (especially for refinances).
Owner-occupied properties (where the operating business cash flow supports repayment) tend to be among the most “financeable” transactions, particularly when financials are clean and the borrower has experience in the business.
Industrial and light manufacturing often underwrite well in Alabama—especially in corridors influenced by manufacturing, logistics, and defense/aerospace ecosystems (North Alabama stands out). Lenders like predictable demand and easier exit liquidity compared with tougher asset classes.
Stabilized neighborhood retail (service-based tenants, necessity retail) can still pencil when occupancy is solid and leases are not near-term rollover risks.
Office is generally the hardest category. Many lenders require lower leverage, stronger sponsorship, and clear leasing visibility. Older/vintage buildings and weak submarkets face the most friction.
Transitional properties (value-add with vacancy, heavy capex, or short remaining lease terms) are possible, but lenders often demand more equity, larger reserves, and a credible path to stabilization.
Refinances can be difficult when a prior low-rate loan is rolling into today’s higher-rate environment—debt payments rise and DSCR can compress, forcing paydowns or re-trades.
Huntsville / North Alabama: Often viewed as lender-friendly for industrial, flex, and certain owner-user deals because of defense/aerospace and advanced manufacturing tailwinds. Stronger employment and supplier activity can help underwriting narratives.
Birmingham: A larger, more mixed market. Lenders can be comfortable with stabilized multifamily and well-located retail/industrial, but office is typically scrutinized. Deal terms vary sharply by submarket and asset quality.
Mobile / Coastal Alabama: Industrial/logistics tied to port/trade activity can underwrite well. Near-coast properties may face more lender attention on insurance costs, deductibles, and reserve requirements.
Community & regional banks are often the core of the market for small-to-mid commercial loans. They can price well, but they prefer conservative leverage and strong borrower/guarantor profiles.
Credit unions sometimes compete aggressively on owner-occupied or smaller-balance deals, but policies vary widely by institution.
Non-bank lenders / debt funds / CMBS can be options for larger loans, special situations, or when banks step back. They may move faster on structure, but pricing and fees can be higher and covenants tighter.
A strong Alabama commercial loan package typically includes: documented cash flow (not just projections), healthy DSCR, reasonable leverage, clear collateral value support, and a straightforward story about use of proceeds and exit strategy.
For investor property, lenders heavily weight occupancy, lease term, tenant credit/quality, historical collections, and realistic assumptions on renewals and expenses.
In Alabama, commercial lending is best described as available, but disciplined. Industrial and owner-occupied deals are generally the path of least resistance, while office and transitional assets require stronger sponsorship and more conservative terms.
We are proud to be serving the state of Alabama. Here are our commercial loan statistics for this state.
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Commercial loan direct provides services in the following Alabama cities. Please note we may be able to provide services in other cities as well by request. Rates are dependent on the market in your locale, feel free to use the provided Alabama economic reports to get a better understanding of your market.
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What Clients Say About Us
Fernando and Leanne are amazing. I had many small businesses that need refinancing over the years. I have met many Brokers and there is always a catch. ALWAYS!… Use them! Once you do you will work with them forever
- Nirav Patel
If you searching for a great experience Commercial Loan Direct is the place. Leanne took care of me and honestly had the greatest experience. She handled all of my needs in a smooth and timely manner listened and addressed any concerns I had about the process and was very patient. I can be quite a handful at times and Leanne was so professional and kind hearted. I'd 100% recommend this company. Thank you again.
- Vincent Arias
We were in unfamiliar territory when it came to refinancing. Commercial Loan Direct streamlined the whole process for us. Leann connected us with lenders that were the right fit for us. The money and time we saved was so worth it. I highly recommend them
- Rita Pisarski
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