BankBetter Financing Starts with More Options$1.2M offered by a Bank at 6.0%$2M offered by an Agency at 5.6%$1M offered by a Credit Union at 5.1%Click Here to Get Quotes
Should you look at a bank loan for your industrial property?
Banks are the traditional lenders in most commercial real estate sectors, and this holds true for the industrial sector as well. Every bank has its own areas of specialization, and different terms to go along with it. Given how wide this lender category is — consider the major differences between community banks and national institutions, or between credit unions and regional banks — it can be difficult to get a clear picture of the options available. Some banks may only offer leverage of up to 70%, while others may be willing to go as high as 80%.
Because of the large range of options available, bank loans can offer strong opportunities for borrowers seeking financing outside of what stricter loan programs can offer. However, due to the sheer amount of choice, an intermediary can often provide an advantage in seeking a loan to meet your needs — particularly an intermediary with hundreds of banking relationships which can be leveraged on your behalf.