A comprehensive analysis of recent commercial lending activities in Wilmington unfolds a dynamic landscape marked by the successful closure of 318 loans within the past 90 days. These transactions span a diverse spectrum, ranging from $55,000.00 to an impressive $41,415,015.00, with the highest loan amount facilitated by WSFS Bank for an Office property.
The predominant property types financed in Wilmington showcase significant diversity, including Single Family Residence (208 transactions), Residential – Duplex/Triplex/Quadplex, and Residential Condo (42 transactions each), Apartments (5 transactions), General Commercial (8 transactions), Hotel, Industrial, and Medical Services (9 transactions each), Mixed-use and Multifamily (10 transactions each), Office (7 transactions), Retail (11 transactions), and Vacant – Commercial (5 transactions).
WSFS Bank, RCN Capital, Lima One Capital, TD Bank, Wells Fargo, Citizens Bank NA, PNC Financial Services, and Dominion Financial Services are at the forefront of Wilmington’s active commercial lenders, recognized for their nationwide leadership in financing commercial real estate (CRE) properties. Community, Regional Banks, Credit Unions, and debt funds are the primary contributors to the most funded deals, offering competitive origination fees ranging from 0.5% to 2%, dependent on the loan size, property type, and Loan-to-Value (LTV) ratio.
A notable highlight is the competitive interest rate offered by a Debt Fund for a Rental Portfolio/Blanket Loan, starting at 6.07%. This rate underscores the professionalism and competitiveness within Wilmington’s commercial lending sector, emphasizing a commitment to diverse financing options and transparent lending terms.
Wilmington’s commercial lending market remains dynamic, with an average loan amount of $1.5M. Lenders such as WSFS Bank, RCN Capital, Lima One Capital, TD Bank, Wells Fargo, Citizens Bank NA, PNC Financial Services, and Dominion Financial Services provide a range of commercial real estate lending products to support the region’s diverse economic landscape.
