Commercial Real Estate Financing in Michigan | MI Commercial Loan Rates

Commercial Loan Direct (CLD) provides commercial real estate loans in the state of Michigan. Current commercial loan rates in Michigan range from 5.58% to 14.7%, 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 MI. We also have a dedicated page for apartment loans in Michigan.

Michigan Commercial Loan Programs Michigan Economic Data Michigan Lending Cities

Michigan Commercial Loan Rates

Commercial Loan Types	Average Michigan Rates	LTV	Loan Amount	Occupancy
Conventional	6.07% - 10.20%	80%	$1,000,000+	Investment + Owner Occupied
Conduit / CMBS	6.08% - 7.69%	75%	$2,000,000+	Investment
Insurance	5.58% - 8.09%	75%	$5,000,000+	Investment + Owner Occupied
FHA / HUD	5.57% - 6.42%	83.3%	$5,000,000+	Investment
USDA	6.20% - 11.20%	85%	$1,000,000+	Investment + Owner Occupied
Bridge	6.20% - 14.20%	80%	$1,500,000+	Investment
Construction	9.70% - 14.70%	83.3%	$1,000,000+	Investment
SBA	5.70% - 10.70%	85% - 90%	$1,000,000+	Owner Occupied

Types of Commercial Loans in Michigan

Investment Property Mortgages

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 Mortgages

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.

Apply for a Commercial Loan in Michigan

Quick Quote

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.

Locations Served in Michigan

We are proud to be serving the state of Michigan. Here are our commercial loan statistics for this state.

Michigan Cities and Towns Served

141

Michigan Economic Data

Please note that commercial loan rates are dependent on the market. We have provided market data for MI below to help you understand what kind of market you are in. Simply click one of the options below to see the data for MI. Economic data reports provided by Data USA.

Economy

Housing

Lending Cities

Commercial loan direct provides services in the following Michigan 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 Michigan economic reports to get a better understanding of your market.

Adrian
Albion
Alcona County
Alger County
Algonac
Allegan
Allegan County
Allen Park
Allendale
Alma
Almont
Alpena
Alpena County
Ann Arbor
Antrim County
Arenac County
Argentine
Armada
Athens
Atlanta
Au Sable
Auburn
Auburn Hills
Bad Axe
Baldwin
Bangor
Baraga
Baraga County
Barnes Lake-Millers Lake
Barry County
Bath
Battle Creek
Bay City
Bay County
Bay Harbor
Beaverton
Beecher
Beechwood
Belding
Bellaire
Belleville
Bellevue
Benton Harbor
Benton Heights
Benzie County
Berkley
Berrien County
Berrien Springs
Bessemer
Beulah
Beverly Hills
Big Rapids
Bingham Farms
Birch Run
Birmingham
Blissfield
Bloomfield Hills
Boyne City
Branch County
Breckenridge
Bridgeport
Bridgman
Brighton
Bronson
Brooklyn
Brown City
Brownlee Park
Buchanan
Buena Vista
Burt
Burton
Byron Center
Cadillac
Caledonia
Calhoun County
Canadian Lakes
Canton
Capac
Carleton
Caro
Carrollton
Carson City
Cass City
Cass County
Cassopolis
Cedar Springs
Center Line
Centreville
Charlevoix
Charlevoix County
Charlotte
Cheboygan
Cheboygan County
Chelsea
Chesaning
Chippewa County
Clare
Clare County
Clarkston
Clawson
Clinton
Clinton County
Clinton Township
Clio
Coldwater
Coleman
Coloma
Colon
Comstock Northwest
Comstock Park
Concord
Constantine
Coopersville
Corunna
Crawford County
Croswell
Crystal Falls
Cutlerville
Davison
Dearborn
Dearborn Heights
Decatur
Delta County
Detroit
Detroit Beach
DeWitt
Dexter
Dickinson County
Dimondale
Dollar Bay
Douglas
Dowagiac
Dundee
Durand
Eagle River
East Grand Rapids
East Jordan
East Lansing
East Tawas
Eastpointe
Eastwood
Eaton County
Eaton Rapids
Ecorse
Edgemont Park
Edmore
Edwardsburg
Elk Rapids
Emmet County
Escanaba
Essexville
Evart
Fair Plain
Farmington
Farmington Hills
Fennville
Fenton
Ferndale
Ferrysburg
Flat Rock
Flint
Flushing
Forest Hills
Fowler
Fowlerville
Frankenmuth
Frankfort
Franklin
Fraser
Freeland
Fremont
Fruitport
Galesburg
Garden City
Gaylord
Genesee County
Gibraltar
Gladstone
Gladwin
Gladwin County
Gogebic County
Goodrich
Grand Blanc
Grand Haven
Grand Ledge
Grand Rapids
Grand Traverse County
Grandville
Grass Lake
Gratiot County
Grayling
Greenville
Greilickville
Grosse Ile
Grosse Pointe
Grosse Pointe Farms
Grosse Pointe Park
Grosse Pointe Shores
Grosse Pointe Woods
Gwinn
Hamtramck
Hancock
Harbor Beach
Harbor Springs
Harper Woods
Harrison
Harrisville
Hart
Hartford
Harvey
Haslett
Hastings
Hazel Park
Hemlock
Highland Park
Hillsdale
Hillsdale County
Holland
Holly
Holt
Homer
Houghton
Houghton County
Houghton Lake
Howard City
Howell
Hubbard Lake
Hudson
Hudsonville
Huntington Woods
Huron County
Imlay City
Indian River
Ingham County
Inkster
Ionia
Ionia County
Iosco County
Iron County
Iron Mountain
Iron River
Ironwood
Isabella County
Ishpeming
Ithaca
Jackson
Jackson County
Jenison
Jonesville
K. I. Sawyer Air Force Base
Kalamazoo
Kalamazoo County
Kalkaska
Kalkaska County
Keego Harbor
Kent City
Kent County
Kentwood
Keweenaw County
Kilmanagh
Kingsford
Kingsley
L'Anse
Laingsburg
Lake City
Lake County
Lake Fenton
Lake Isabella
Lake Michigan Beach
Lake Odessa
Lake Orion
Lakeview
Lakewood Club
Lambertville
Lansing
Lapeer
Lapeer County
Lathrup Village
Laurium
Lawton
Leelanau County
Leland
Lenawee County
Leslie
Level Park-Oak Park
Lewiston
Lexington
Lincoln Park
Linden
Litchfield
Livingston County
Livonia
Lowell
Luce County
Ludington
Luna Pier
Mackinac County
Macomb County
Madison Heights
Mancelona
Manchester
Manistee
Manistee County
Manistique
Manitou Beach-Devils Lake
Manton
Marcellus
Marine City
Marlette
Marquette
Marquette County
Marshall
Marysville
Mason
Mason County
Mattawan
Mecosta County
Melvindale
Memphis
Menominee
Menominee County
Michigan Center
Middleville
Midland
Midland County
Milan
Milford
Millington
Mio
Missaukee County
Monroe
Monroe County
Montague
Montcalm County
Montmorency County
Montrose
Morenci
Mount Clemens
Mount Morris
Mount Pleasant
Munising
Muskegon
Muskegon County
Muskegon Heights
Napoleon
Nashville
Negaunee
New Baltimore
New Buffalo
New Haven
Newaygo
Newaygo County
Newberry
Niles
North Branch
North Muskegon
Northview
Northville
Norton Shores
Norway
Novi
Oak Park
Oakland County
Oceana County
Ogemaw County
Okemos
Olivet
Ontonagon
Ontonagon County
Orchard Lake
Ortonville
Osceola County
Oscoda County
Otsego
Otsego County
Ottawa County
Ovid
Owosso
Oxford
Parchment
Paw Paw
Paw Paw Lake
Pearl Beach
Perry
Petersburg
Petoskey
Pigeon
Pinckney
Pinconning
Plainwell
Pleasant Ridge
Plymouth
Pontiac
Port Huron
Portage
Portland
Potterville
Presque Isle County
Prudenville
Quincy
Quinnesec
Rapid City
Ravenna
Reading
Redford
Reed City
Reese
Richmond
River Rouge
Riverview
Rochester
Rochester Hills
Rockford
Rockwood
Rogers City
Romeo
Romulus
Roosevelt Park
Roscommon
Roscommon County
Roseville
Royal Oak
Saginaw
Saginaw County
Saginaw Township North
Saint Charles
Saint Clair
Saint Clair County
Saint Clair Shores
Saint Helen
Saint Ignace
Saint Johns
Saint Joseph
Saint Joseph County
Saint Louis
Saline
Sand Lake
Sandusky
Sanilac County
Saranac
Sault Ste. Marie
Schoolcraft
Schoolcraft County
Scottville
Sebewaing
Shelby
Shepherd
Shiawassee County
Shields
Shorewood-Tower Hills-Harbert
Skidway Lake
South Gull Lake
South Haven
South Lyon
South Monroe
South Rockwood
Southfield
Southgate
Sparta
Spring Arbor
Spring Lake
Springfield
Stambaugh, Iron River
Standish
Stanton
Sterling Heights
Stevensville
Stockbridge
Stony Point
Sturgis
Swartz Creek
Sylvan Lake
Tawas City
Taylor
Tecumseh
Temperance
Three Oaks
Three Rivers
Traverse City
Trenton
Trowbridge Park
Troy
Tuscola County
Twin Lake
Union City
Utica
Van Buren County
Vandercook Lake
Vassar
Vicksburg
Wacousta
Wakefield
Walker
Walled Lake
Warren
Washtenaw County
Waterford
Watervliet
Waverly
Wayland
Wayne
Wayne County
Webberville
West Bloomfield Township
West Branch
West Ishpeming
West Monroe
Westland
Westwood
Wexford County
White Cloud
White Pigeon
Whitehall
Whitmore Lake
Williamston
Wixom
Wolf Lake
Wolverine Lake
Woodhaven
Woodland Beach
Wyandotte
Wyoming
Yale
Ypsilanti
Zeeland
Zilwaukee