Recent commercial lending activities in Sacramento, CA, showcase a thriving market with 888 loans successfully closed within the past 90 days. The loan amounts vary widely, ranging from $10,793.00, funded for a Single Family Residence, to an impressive $846,603,000.00, allocated for an Apartment Complex. This diverse lending landscape reflects the dynamic nature of Sacramento’s real estate market.
The predominant property types financed in Sacramento exhibit significant diversity, including:
– Apartments: 39 deals
– Hospital: 1 deal
– Vacant – Industrial: 4 deals
– Office: 22 deals
– Industrial: 17 deals
– Vacant – Commercial: 19 deals
– Misc: 32 deals
– Vacant: 3 deals
– Retail: 37 deals
– Services: 14 deals
– Attractions: 2 deals
– Motels: 6 deals
– Parking: 5 deals
– Single Family Residence: 473 deals
– Hotel: 2 deals
– Vacant – Residential: 96 deals
– Mobile Homes: 2 deals
– Mixed Use: 1 deal
– Medical Services: 2 deals
– Multi-Family: 20 deals
– Residential – Duplex/Triplex/Quadplex: 55 deals
– Residential Condo: 35 deals
– General Commercial: 1 deal
Sacramento stands out with the active participation of major nationwide lenders in the city’s commercial lending landscape, including:
– United Wholesale Mortgage
– Wells Fargo
– US Bank
– JP Morgan Chase
– Kiavi Funding
– BMO Harris Bank
– Umpqua Bank
– Tri Counties Bank
– Banner Bank
– Anchor Loans
– Genesis Capital LLC
– Velocity Mortgage Capital
Most of these lenders, particularly debt funds, offer flexible short-term and long-term products for investment properties, providing attractive rates. For instance, the average rate for the 5-year ARM permanent product is 6.88%. This competitive lending environment contributes to the growth and development of Sacramento’s commercial real estate market, providing diverse funding options for various property types.
