A comprehensive examination of recent commercial lending activities in Gulfport, MN, reveals a dynamic landscape marked by the successful closure of 167 loans within the past 90 days. These transactions cover a wide financial spectrum, ranging from $108,000.00 to an impressive $508,800.00, with the highest loan amount facilitated for a commercial property.
The predominant property types financed in Gulfport showcase the city’s diverse real estate market. Notable property categories include Agriculture, Apartments, Industrial, Medical Services, Misc, Mixed Use, Mobile Homes, Motels, Office, Residential – Duplex/Triplex/Quadplex, Residential Condo, Retail, Single Family Residence, and Vacant, among others.
Leading the commercial lending landscape in Gulfport are nationwide leaders Cadence Bank and Regions Bank, closing a combined total of 21 deals in the past 90 days. These lenders have played a pivotal role in financing a variety of investment properties, contributing to the city’s economic growth.
A detailed analysis of the table highlights the distribution of deals by property type, showcasing the diversity of investments in Gulfport. Notable deals include a $2,650,000.00 loan for an Industrial property on INTRAPLEX PKWY, $1,293,511.00 for Medical Services on HIGHWAY 49, $508,800.00 for a Mixed-Use property on 25TH AVE, and various other transactions covering Residential, Retail, Office, and more.
With an average loan amount of $423K, Gulfport’s lenders, particularly Credit Unions and Local Banks, have emerged as key players. These institutions offer competitive terms, including low origination fees ranging from 0.5% to 1% and attractive interest rates starting at 6.88%. This financial landscape underscores the commitment of local lenders to support businesses and investors in Gulfport, fostering economic development and growth.
