Michigan Commercial Property provide business-purpose real estate investors with Up to 75% LTV across loan amounts from $100,000 – $15,000,000+ at 6.875% – 8.99% (25–30 Yr Amortization, 5/7/10 Yr Fixed or 30-Yr Non-QM CRE, 660+ FICO min FICO, 21 – 30 Business Days close). In Michigan (MI), lenders underwrite to a Non-Judicial (Foreclosure by Advertisement) statutory framework (60–90 days (+ redemption)-day average timeline), a 1.38% average property tax rate (~$305/mo at the $265,000 state median), and $520/$100K hazard insurance (~$115/mo).
Commercial property loans provide non-bank DSCR and bridge financing for mixed-use buildings, small-bay industrial warehouses, neighborhood retail strips, medical/professional office, and self-storage facilities from $250,000 to $15,000,000+ without restrictive commercial bank depository requirements.
Median 1–4 unit price of $265,000 (75% LTV = $198,750) with Form 1007 rent of $2,150/mo and multifamily rent of $1,290/door.
Michigan operates under a Non-Judicial (Foreclosure by Advertisement) regime (60–90 days (+ redemption) days). Lenders require ALTA lender's title endorsement, LLC Good Standing, and 6 months PITIA liquidity reserves.
Close in your Michigan LLC or Delaware LLC registered in MI with zero personal tax returns, W-2s, or 4506-C transcripts.