Recent commercial lending activities in Baltimore, MD, showcase a dynamic landscape with the successful closure of 88 loans within the past 90 days. These loans range from $100,000.00 to an impressive $39,431,000.00, with the highest loan amount allocated to finance a Multi-Family property, emphasizing the diversity of Baltimore’s real estate market.
The predominant property types financed in Baltimore include:
– Multi-Family: 2 deals
– Single Family Residence: 53 deals
– Industrial: 2 deals
– Vacant – Residential: 21 deals
– Retail: 1 deal
– Vacant – Commercial: 1 deal
– Services: 1 deal
– Residential Condo: 6 deals
– Apartments: 1 deal
Local and national financial institutions contribute to Baltimore’s active commercial lending scene, providing flexible solutions to support the city’s economic growth. Among the leading lenders in Baltimore are Dominion Financial Services, Meridian Bank, First National Bank (F.N.B. Corporation), Velocity Mortgage Capital, RCN Capital, Truist Bank, CitiBank NA, United Wholesale Mortgage, and TD Bank NA.
These lenders play a crucial role in facilitating the development and expansion of various property types in Baltimore, from residential to commercial. Their competitive terms, including Loan-to-Value (LTV) ratios and interest rates, ensure a robust financial environment for businesses and property owners seeking funding in Baltimore’s vibrant real estate market.
