In Boise, Idaho, the recent commercial lending scene is dynamic, with 169 loans closed in the past 90 days, ranging from $541,092.00 to an impressive $8,100,000.00. Retail properties lead in loan amounts.
Diversity is evident in the property types financed, including Retail, Recreation, Misc Residential, Office, Single Family Residence, and more. Community Banks, Credit Unions, and Regional Banks are the key players, focusing on Permanent Loans and Construction loans with origination fees of 0.75% to 1% and interest rates ranging from 6.85% to 7.25%. LTV ratios are typically maintained at 65%. The most popular property types financed are:
Retail: 17 deals
Single Family Residence: 94 deals
General Commercial: 10 deals
Industrial: 2 deals
Residential Condo: 3 deals
Agriculture: 2 deals
The Max Loan Amount was $40,800,000.00 (General Commercial) and the Min Loan Amount: $9,738.00 (Single Family Residence). Average Loan Amount in Boise is $2,043,586.95.
In summary, Boise’s commercial lending market is vibrant, characterized by a mix of property types and active involvement from Community Banks, Credit Unions, and Regional Banks, emphasizing Permanent Loans and Construction loans with competitive terms.
