Commercial mortgage lenders in Kansas help you purchase and develop a business property or borrow against your property's equity. Commercial lending in Kansas is available from small local companies as well as national sources. Commercial lenders usually offer faster turnaround and greater flexibility than standard bank loans, but in exchange for this service, rates may be much higher.

Real estate acquisition, construction and rehabilitation are projects that can be financed by Kansas commercial lenders. Kansas commercial mortgage lenders offer their services for industrial, retail, office space and multifamily properties. They look for properties that will be profitable in retail sales and the sale or rent of housing units. Some features to look for in Kansas commercial lending companies are:

1. Check that the firms you are considering are licensed with the state and have advanced training and certifications.

2. Find firms that offer a variety of fixed and adjustable rate loans.

3. Look for flexible refinancing and supplemental terms

4. Seek out lenders with experience in the type of property you are purchasing or developing.

Action Steps
The best contacts and resources to help you get it done

Get referrals for a commercial lender in Kansas from professional organizations and directories

State licensing agencies, professional organizations, and online directories are the first place to start looking for Kansas commercial lenders.

I recommend: The Kansas Association of Mortgage Brokers is a non-profit organization that lists mortgage brokers licensed by the State of Kansas that have received advanced certifications. The Office of the State Bank Commissioner (OSBC), which regulates mortgage lenders and state-chartered banks, provides a list of approved entities and individuals that specialize in commercial lending in Kansas. Broker Outpost LLC features a directory of commercial mortgage brokers in Kansas.

Go online to find a commercial loan in Kansas

With a few clicks of your mouse, online broker services will help you submit applications to multiple commercial mortgage lenders in Kansas.

I recommend: IBank provides a step-by-step guide to help you fill in all the information you need to complete online loan applications with hundreds of commercial lenders. C-Loans has an Internet database of more than 700 commercial lenders.

Look at large and small companies for a commercial loan in Kansas

Compare the rates and services of large national banks with smaller commercial mortgage brokers in Kansas.

I recommend: Wachovia Corp. and Bank of America N.A. offer commercial lending services online and at their Kansas branch offices. Liberty Mortgage Services LLC is a Kansas commercial lender that provides investor loans used to finance multi-family properties. The programs are aggressively priced and flexible.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Commercial lenders will evaluate your property's ability to generate income. Make sure you have a business plan that shows projected sales or rental data, and know the worth of your equity and collateral.
• •  Check the references of commercial lenders carefully. Make sure the clients they have serviced have needs similar to yours.