Commercial Loan Direct (CLD) provides commercial real estate loans in the state of Michigan. Current commercial loan rates in Michigan range from 4.93% 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 MI.
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.
Michigan’s commercial lending market is active, diverse, and underwriting-driven. Capital is available across banks, credit unions, and institutional lenders, but approvals are closely tied to cash-flow durability, industry exposure, and market-specific fundamentals. Manufacturing strength supports lending activity, while office and highly cyclical assets face tighter scrutiny.
Industrial and manufacturing-related properties are among the most lender-favored asset classes, particularly those tied to automotive, advanced manufacturing, logistics, and supply-chain operations. Stable tenancy and long-term use cases support underwriting.
Owner-occupied properties remain highly financeable, especially when backed by established businesses with consistent operating history and experienced ownership.
Stabilized multifamily can finance well when occupancy and collections are strong, with workforce and mid-market housing typically underwriting better than luxury Class A product.
Service-based and necessity retail (medical, grocery-adjacent, professional services) continues to attract lender interest when tenant quality and lease terms are durable.
Office is underwritten cautiously, especially in downtown cores and older suburban corridors. Elevated vacancy and tenant downsizing drive conservative leverage.
Value-add and transitional deals face tighter leverage and higher equity requirements, particularly when they rely on aggressive lease-up or rent growth assumptions.
Hospitality can be financeable, but lenders scrutinize seasonality, operating margins, and exposure to economic cycles.
Detroit Metro: The deepest lender pool in the state. Industrial and stabilized multifamily are lender-friendly, while office remains the most restrictive category.
Grand Rapids: Often viewed as stable and business-friendly, with strong lender appetite for owner-occupied, industrial, and essential-use properties.
Ann Arbor: Education and healthcare influence lending, supporting multifamily and medical-related assets.
Secondary and rural markets: Financing is more relationship-driven, with conservative leverage and emphasis on essential-use properties.
Community and regional banks are very active and relationship-focused, often offering competitive terms for stabilized assets.
Credit unions can be aggressive on owner-occupied and smaller-balance loans.
National and institutional lenders participate more frequently in larger metro areas and for larger stabilized assets.
Debt funds and non-bank lenders fill gaps for transitional or higher-leverage deals, typically at higher cost.
Industry exposure matters. Lenders pay close attention to borrower and tenant reliance on manufacturing and cyclical industries.
Expense control is closely reviewed, including utilities, labor, and maintenance—especially for older properties.
Sponsor experience and liquidity often carry as much weight as property-level metrics.
A strong Michigan loan request typically includes conservative leverage, stable historical NOI, experienced sponsorship, and clear alignment between the property and local economic demand.
Deals built on aggressive rent growth, rapid repositioning, or office recovery assumptions tend to struggle.
Michigan is a capital-available but underwriting-driven lending market. Industrial, owner-occupied, and stabilized multifamily properties offer the clearest paths to financing, while office and highly transitional assets face tighter terms.
We are proud to be serving the state of Michigan. Here are our commercial loan statistics for this state.
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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.
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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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