Michigan’s commercial real estate market has undergone a remarkable transformation over the past decade. Detroit’s revitalization has created significant value-add opportunity in multifamily, mixed-use, and retail properties. Grand Rapids has emerged as one of the Midwest’s fastest-growing commercial markets, while Ann Arbor’s university economy drives consistent office and retail demand.
Commercial Loans of Texas is a direct lender headquartered in Magnolia, TX, serving Michigan and 43 other states nationwide. We make our own credit decisions — no broker, no middleman, no surprises at closing. Our borrowers in Michigan typically close in 5–15 business days.
Commercial Loan Programs Available in Michigan
We offer every major commercial loan program in Michigan, from fast hard money loans to long-term 30-year fixed financing. Most programs require no tax returns and no upfront fees.
- Hard Money Loans — Asset-based lending up to 70% LTV. No income docs. Close in 5–10 business days. Ideal for acquisitions, fix-and-flip, and value-add commercial properties in Michigan.
- DSCR Loans — Qualify on the property’s rental income, not your W-2 or tax returns. Great for investment properties and landlords across Michigan.
- Stated Income Commercial Loans — No tax returns required on most programs. Built for self-employed borrowers, business owners, and investors in Michigan.
- SBA 7(a) and SBA 504 Loans — Government-backed financing for owner-occupied commercial real estate and business acquisitions. Available statewide in Michigan.
- Bridge Loans — Short-term capital to close quickly while permanent financing is arranged. Common in competitive Michigan markets.
- Construction Loans — Ground-up construction and major renovation financing for commercial projects throughout Michigan.
- Multifamily Loans — 5+ unit apartment financing with competitive rates, available in every market in Michigan.
- 30-Year Fixed Commercial Loans — Long-term, fixed-rate commercial financing for stabilized investment properties.
Property Types We Finance in Michigan
- Office buildings and medical office
- Retail strip centers and single-tenant NNN properties
- Industrial, warehouse, and flex space
- Multifamily (5+ units) and mixed-use buildings
- Self-storage facilities
- Hotels, motels, and short-term rental properties
- Church and faith-based properties
- Special use and non-warrantable properties
- Land and ground-up development
Loan Terms for Michigan Borrowers
| Feature | Details |
|---|---|
| Loan Amounts | $150,000 – $5,000,000+ |
| Max LTV | Up to 70–75% depending on program |
| Loan Term | 12 months to 30 years |
| Income Docs | None required on most programs |
| Min Credit Score | 600+ (some programs lower) |
| Closing Time | 5–15 business days typical |
| Upfront Fees | None |
| States | 43 states including Michigan |
Cities We Serve in Michigan
We lend on commercial properties throughout Michigan, including Detroit, Grand Rapids, Warren, Sterling Heights, Lansing. If the property is in Michigan — urban, suburban, or rural — we can structure a loan for it. Contact us for a same-day quote regardless of location within the state.
Why Michigan Borrowers Choose Us Over Local Banks
Local banks in Michigan are often slow, require mountains of documentation, and reject borrowers who don’t fit a narrow qualification box. We work differently.
- Direct lender since 1998 — We fund our own loans. No brokers, no referral fees passed to you, no committee approval delays.
- Same-day response — Submit your deal and hear back from a decision maker within hours, not days or weeks.
- No upfront fees — We never charge application fees, processing fees, or due diligence fees before closing.
- No tax returns on most programs — We qualify based on the asset and its income, not your personal tax history.
- Fast closings — Most Michigan commercial loans close in 5–15 business days from application to funding.
- Common-sense underwriting — We look at the deal, not just the borrower’s credit file. If the property makes sense, we find a way to fund it.
Frequently Asked Questions — Commercial Loans in Michigan
Do I need a Michigan business entity to get a commercial loan?
No. You can borrow as an individual, LLC, corporation, or partnership. Most investors use an LLC for liability protection, but it is not required to qualify. We lend to all entity types in Michigan.
How fast can you close a commercial loan in Michigan?
Most Michigan commercial loans close in 5–15 business days from application to funding, depending on the program and how quickly the appraisal is completed. Hard money loans can sometimes close in as little as 5 business days. We provide a same-day term sheet so you know exactly where you stand.
What Commercial Loan Programs Are Most Used in Michigan?
Hard money and bridge loans are popular in Detroit and Grand Rapids for value-add multifamily and commercial acquisitions. DSCR loans are widely used by Michigan’s investment property owners statewide. SBA loans work well for Michigan’s strong manufacturing and small business community.
What is the minimum loan amount for commercial loans in Michigan?
Our minimum loan amount is $150,000 for commercial properties in Michigan. There is no maximum — we have closed loans well above $5 million. For deals under $150,000, we can sometimes make exceptions depending on the property type and location.
Ready to get a commercial loan in Michigan? Apply online here or call us at 877-895-3634. Same-day response, no credit pull, no upfront fees. We have been closing commercial loans since 1998 and we know how to get difficult deals done.
Commercial Loans by City in Michigan
We lend in every market in Michigan. Here is an overview of our activity in the state’s major commercial real estate markets.
Commercial Loans in Detroit, Michigan
Detroit is undergoing one of the most remarkable urban revivals in American history, with multifamily, mixed-use, and retail investment transforming the Midtown, Corktown, and New Center neighborhoods. Value-add commercial opportunities with strong upside remain available at prices well below coastal markets. Hard money and bridge loans are widely used for Detroit’s active repositioning market.
Commercial Loans in Grand Rapids, Michigan
Grand Rapids has emerged as one of the Midwest’s top commercial real estate markets, driven by healthcare, manufacturing, and a rapidly growing downtown. Multifamily demand is tight and cap rates have compressed significantly as investors have discovered the market. Bridge and DSCR loans are popular for Grand Rapids’s competitive investment environment.
Commercial Loans in Warren, Michigan
Warren is one of metro Detroit’s most significant industrial and manufacturing markets, with strong demand from automotive and defense suppliers. Industrial properties offer consistent occupancy and strong cash flows. DSCR and SBA loans are popular for Warren’s large manufacturing business community.
Commercial Loans in Sterling Heights, Michigan
Sterling Heights is one of Michigan’s key commercial markets with consistent demand for multifamily, retail, and industrial properties. We offer all commercial loan programs in Sterling Heights with same-day responses and no upfront fees.
Commercial Loans in Lansing, Michigan
Lansing is Michigan’s state capital and home to Michigan State University, creating consistent demand for office, retail, and student-oriented multifamily properties. Government employment provides a stable economic anchor. SBA and DSCR loans are popular for Lansing’s diverse borrower community.