We are pleased to present an overview of the top 10 commercial lenders operating in Los Angeles, a vibrant economic hub on the West Coast. These lenders specialize in commercial real estate lending, catering to a diverse range of businesses in the City of Angels. The average loan amounts extended by these lenders in Los Angeles tend to be on the higher end, typically averaging around $4.1 million, reflecting the city’s dynamic real estate market.
Los Angeles offers competitive starting rates for commercial term loans, with interest rates typically falling within the range of 7.0% – 7.15%, providing businesses with a competitive advantage when seeking capital.
In terms of loan processing and approval timelines, Los Angeles lenders are well-aligned with the fast-paced business environment. The standard duration for loan approval in the city typically ranges from 30 to 45 days for National and Regional Banks, making it an attractive choice for businesses seeking quick financial solutions. Additionally, you can expect an average origination fee in the range of 0.5% to 0.75%, reflecting the priority placed on efficiency.
Lenders in Los Angeles maintain an average loan-to-value ratio of 65%-70% for term loans, underlining their commitment to supporting businesses in thriving and succeeding within the dynamic and competitive commercial real estate market of the City of Angels,