An extensive analysis of recent commercial lending activities in Louisville, KY, reveals a dynamic and thriving landscape marked by the successful closure of 1,169 loans within the preceding 90 days. This diverse array of transactions encompasses a broad spectrum, ranging from $50,000.00 to an impressive $322,634,000.00, with the highest loan amount facilitated by Morgan Stanley for a Single Family Residence.
The prevailing property types financed in Louisville showcase a notable diversity, with concentrations in Apartments (51 deals), General Commercial and Industrial (13), Manufacturing (3), Mobile Homes and Motels (10), Office (48), Recreation (4), Residential – Duplex/Triplex/Quadplex (39), Condos (112), Retail (42), and approximately 600 loans for Single Family Residences, as well as Vacant – Agricultural and Vacant – Commercial properties (95 deals).
Leading the charge among Louisville’s active commercial lenders are Morgan Stanley, Stock Yards Bank & Trust, and Park Community Credit Union. The former two are recognized as nationwide leaders in financing Commercial Real Estate (CRE) properties. Regional Banks, Community Banks, and Credit Unions emerge as the primary contributors to the most funded deals, offering competitive origination fees ranging from 0.5% to 1%, dependent on the loan size, property type, and Loan-to-Value (LTV) ratio.
A noteworthy highlight is the competitive interest rate offered by a Community Bank, ranging from 6.30% to 6.68%. This rate underscores the professionalism and competitiveness within Louisville’s commercial lending sector, emphasizing a commitment to diverse financing options and transparent lending terms.
