A thorough examination of recent commercial lending activities in Boston illuminates a dynamic landscape characterized by the successful closure of 112 loans within the past 90 days. These transactions encompass a wide spectrum, varying from $46,400.00 to an impressive $200,000,000.00, with the highest loan amount facilitated for an Office property.
The predominant property types financed in Boston exhibit significant diversity, including Retail (13 deals), Residential Condo (30 deals), Mixed Use (6 deals), Parking, Misc, and Single Family Residence (3 deals each), Apartments (9 deals), General Commercial (1 deal), Hotel, Industrial, Medical Services, Office, and Utilities (2 deals each).
Taking the lead among Boston’s active commercial lenders are institutions such as Leader Bank, M&T Bank, Eastern Bank, Metro CU, 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 active players in Boston, offering Loan-to-Value (LTV) ratios ranging from 70% to 65%. The typical interest rates fall within the range of 6.73% to 7.02%. National Banks demonstrate the capacity to extend loans of up to $70M or even $150M, providing competitive terms with an approximate 1% origination fee.
