When a property is for people to live in (residential) and has 4 or more units, it is considered Commercial Property. All non-residential real estate is considered Commercial Real Estate.

Providential has a very significant commercial real estate operation. In order to cater to a growing demand for acquiring, purchasing, financing and investing in commercial real estate, Providential has established a full-service commercial lending division. We offer commercial lending services in our current licensed states (California, Illinois, Indiana, Massachusetts, Michigan, Minnesota, Missouri, Colorado, and Wisconsin) as well as other areas throughout the country. Types of commercial properties we finance range from small mixed-use properties to large residential community developments.

Why are industry experts talking about increases in the purchasing and refinancing of commercial properties? The answer is simple: commercial mortgage loans are not tied to the same financing indexes and underwriting guidelines as residential loans. As the economy continues to improve, so too does the chance of a commercial property's income. This is especially important since the property's income stream determines the financing risk. The better the economy, the better the chances are for people occupying more commercial space; and therefore, your ability to meet debt payment obligations.

How do you know which bank is best for you and which options will give you the benefits that you are looking for? Unless you are an expert, you don’t. It is almost impossible to know which lender is best for you until you have the opportunity to speak with a representative to get started on finding the financing solution that best suits your needs.

We are happy to help you with any questions you may have regarding commercial lending and how our services can help you most strategically finance your investment into commercial real estate. Please call us at 800-864-SAVE (7283) to speak with one of our highly skilled commercial lending representatives.