What a Commercial Lender (Banker) Does
A commercial lender is a representative of a bank, credit union, or non-bank lender who underwrites and funds commercial real estate loans. They evaluate the property's income-producing capability (DSCR, NOI, cap rate), the sponsor's experience and financial strength, and structure the loan terms. For construction loans, they also manage the draw process.
Key Responsibilities
- Evaluate loan requests and issue term sheets
- Order appraisals and Phase I ESAs
- Underwrite the property and sponsor financials
- Issue loan commitments and coordinate closings
- Administer construction draws during development
- Service the loan and monitor covenants post-closing
When You Need One
Once a term sheet is accepted and due diligence is underway. The lender orders third-party reports (appraisal, Phase I, survey) and underwrites the deal in parallel with buyer due diligence.
How MaxLife Works With Them
MaxLife Development maintains relationships with Florida community banks, regional banks, credit unions, and national CMBS platforms to match each deal with the right capital source — from bank portfolio loans for local deals to CMBS for larger stabilized assets.