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 3.2% to 15.43%, 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 Loans

Michigan Commercial Loan Rates

Commercial Loan Types Average Michigan Rates LTV Loan Amount Occupancy
Conventional 4.43% - 8.40% 80% $1,000,000+ Investment + Owner Occupied
Conduit / CMBS 6.00% - 7.02% 75% $2,000,000+ Investment
Insurance 5.40% - 7.51% 75% $5,000,000+ Investment + Owner Occupied
FHA / HUD 5.02% - 5.87% 83.3% $5,000,000+ Investment
USDA 4.20% - 7.20% 85% $1,000,000+ Investment + Owner Occupied
Bridge 6.43% - 15.43% 80% $1,500,000+ Investment
Construction 5.70% - 10.70% 83.3% $1,000,000+ Investment
SBA 3.20% - 6.70% 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

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

124

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
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