In-depth analysis of recent commercial lending activities in Wichita unveils a dynamic and robust landscape characterized by the successful closure of 386 loans within the past 90 days. These transactions spanned a wide financial spectrum, ranging from $46,400.00 to an impressive $420,000,000.00, with the highest loan amount facilitated for a state-of-the-art Service Building.
The diverse array of property types financed in Wichita reflects the city’s economic vitality, including Agriculture, Apartments, Hospital, Hotel, Industrial, Medical Services, Mobile Homes, Residential – Duplex/Triplex/Quadplex, Retail, and Single Family Residence.
At the forefront of Wichita’s active commercial lending scene are esteemed institutions, with notable leaders including Leader Bank, M&T Bank, Eastern Bank, Metro Credit Union, Citibank.NA, Dedham Institution for Savings, TD Bank NA, Bluestone Bank, Citizens Bank, and several others. Credit Unions and Community Banks emerge as the most dynamic participants, offering competitive Loan-to-Value (LTV) ratios ranging from 75-80% for SBA products and 65% for other loan products.
The prevailing interest rates in Wichita’s commercial lending market fall within the range of 6.73% to 7.02%, showcasing a competitive landscape. National Banks demonstrate their capacity to extend substantial loans, reaching up to $420,000,000.00, with competitive terms and an approximate origination fee ranging from 0.25% to 2%.
For borrowers in Wichita, the financing landscape presents a variety of options, each tailored to specific needs. With an average loan amount of $2.75M, the lenders in this vibrant city are committed to supporting diverse projects and contributing to the continued growth and development of Wichita’s commercial real estate sector.
