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Top Non-Owner Occupied Commercial Lenders in the Twin Cities

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Ultimate Guide to Twin Cities Non-Owner Occupied Commercial Lenders


If you’re an investor looking to buy or refinance a non-owner occupied commercial property in the Twin Cities, you need the right lender. With so many options available, it can be challenging to determine which one is the best fit. That’s why we’ve compiled this ultimate guide to the top non-owner occupied commercial lenders in the Twin Cities. We’ll introduce you to some of the top lenders and arm you with all the information you need to make an informed decision.


What is Non-Owner Occupied Commercial Financing?


Non-owner occupied commercial financing is a type of loan used to purchase or refinance a commercial property that the borrower will not be occupying. This type of financing is popular among investors who want to build a portfolio of commercial properties for rental income or resale.


Top Non-Owner Occupied Commercial Lenders in the Twin Cities


Here are some of the top non-owner occupied commercial lenders in the Twin Cities:


Wells Fargo


Wells Fargo is one of the largest banks in the country and offers a wide range of commercial financing options for investors. They have a strong presence in the Twin Cities and are known for their competitive rates and flexible terms. Whether you’re looking to finance a small retail space or a large office building, Wells Fargo has the experience and resources to help you achieve your goals.


Huntington National Bank


Huntington National Bank is another large bank that offers non-owner occupied commercial financing in the Twin Cities. They have a reputation for excellent customer service and offer a variety of loan options, including fixed-rate loans, adjustable-rate loans, and SBA loans. With Huntington National Bank, you can rest assured that you’ll be working with a team of experts who are dedicated to helping you succeed.


U.S. Bank


U.S. Bank is a leading financial institution in the Twin Cities and offers a range of commercial financing options for investors. They have a strong track record of working with clients to find customized solutions that meet their unique needs. Whether you’re looking for a short-term loan or a long-term financing option, U.S. Bank has the tools and expertise to help you achieve your goals.


Bremer Bank


Bremer Bank is a regional bank based in the Twin Cities and has a strong reputation for providing personalized service to its clients. They offer a variety of loan options for non-owner occupied commercial properties, including fixed-rate loans and SBA loans. With Bremer Bank, you can expect to work with a team of knowledgeable professionals who are dedicated to your success.


Bell Bank


Bell Bank is a locally owned and operated bank that has been serving the Twin Cities community for over a century. They offer a range of loan options for non-owner occupied commercial properties, including fixed-rate loans and adjustable-rate loans. With their low fees and personalized service, Bell Bank is an excellent choice for investors who are looking for a partner in their commercial real estate ventures.


Associated Bank


Associated Bank is a regional bank with a strong presence in the Twin Cities. They offer a variety of loan options for non-owner occupied commercial properties, including fixed-rate loans and SBA loans. With their competitive rates and flexible terms, Associated Bank is an excellent choice for investors who are looking to finance a commercial property in the Twin Cities.


Great Western Bank


Great Western Bank is a national bank that has a strong presence in the Twin Cities. They offer a range of loan options for non-owner occupied commercial properties, including fixed-rate loans and adjustable-rate loans. With their expertise and resources, Great Western Bank can help you secure the financing you need to invest in commercial real estate in the Twin Cities.


BMO Harris Bank


BMO Harris Bank is a leading financial institution in the Twin Cities and offers a range of commercial financing options for investors. They have a strong track record of working with clients to find customized solutions that meet their unique needs. Whether you’re looking for a short-term loan or a long-term financing option, BMO Harris Bank has the tools and expertise to help you achieve your goals.


FAQs


1. What is the minimum down payment for a non-owner occupied commercial loan?


The minimum down payment for a non-owner occupied commercial loan varies by lender, but it’s typically between 15% and 30%.


2. How long does it take to get approved for a non-owner occupied commercial loan?


The approval process for a non-owner occupied commercial loan can take between 30 and 90 days, depending on the lender and the complexity of the loan.


3. Can I get a non-owner occupied commercial loan with bad credit?


It’s possible to get a non-owner occupied commercial loan with bad credit, but you may need to work with a lender that specializes in subprime loans.


4. What is the maximum loan amount for a non-owner occupied commercial loan?


The maximum loan amount for a non-owner occupied commercial loan varies by lender, but it can be up to $5 million or more for some lenders.


5. Do I need to provide collateral for a non-owner occupied commercial loan?


Yes, most lenders require collateral for a non-owner occupied commercial loan, such as the commercial property being purchased or refinanced.


Data Points


1. The Twin Cities have a strong and growing commercial real estate market, with a total inventory of over 635 million square feet.

2. Non-owner occupied commercial loans typically have higher interest rates and stricter requirements than owner-occupied commercial loans.

3. In 2021, commercial property sales in the Twin Cities reached a record high, with over $8 billion in sales.

4. The average down payment for a non-owner occupied commercial loan is around 25%.

5. The Twin Cities have a low unemployment rate of 2.4%, making it an attractive location for commercial real estate investment.


Conclusion


Investing in non-owner occupied commercial properties can be a lucrative opportunity for investors in the Twin Cities. By working with the right lender, you can secure the financing you need to achieve your investment goals. Whether you’re looking for a fixed-rate loan, an adjustable-rate loan, or an SBA loan, the lenders we’ve highlighted in this guide are all excellent choices.




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