Top 15 commercial Real Estate Lenders In Norfolk VA

Top 15 commercial Real Estate Lenders In Norfolk

In Norfolk, VA, the commercial lending landscape has seen remarkable activity, with 186 successful closures within the past 90 days. These transactions demonstrate a diverse financial spectrum, with loan amounts ranging from $31,758.00 to an impressive $25,507,000.00. The financing has been secured across a variety of property types, showcasing the city’s dynamic real estate market:

– Apartments: 14 deals
– Single Family Residence: 92 deals
– Retail: 9 deals
– Parking: 1 deal
– Vacant – Commercial: 7 deals
– Residential – Duplex/Triplex/Quadplex: 21 deals
– Mixed Use: 1 deal
– Manufacturing: 1 deal
– Services: 1 deal
– Vacant – Residential: 22 deals
– Office: 2 deals
– Residential Condo: 12 deals
– Vacant – Industrial: 2 deals
– Industrial: 1 deal

Leading the charge among Norfolk’s active commercial lenders are prominent Debt Funds, playing a pivotal role in shaping the city’s real estate landscape:

1. Kiavi Funding
2. United Wholesale Mortgage
3. RCN Capital
4. Lima One Capital
5. LendingOne
6. Velocity Mortgage Capital

These lenders stand out for offering flexible short-term and long-term solutions, contributing significantly to the diversity and growth of Norfolk’s commercial real estate market. As of now, the best interest rate stands at 6.59% for the 30-year fixed Rental Loan, providing competitive terms for investors and property developers in the region.