Commercial Lender at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the D grade breaks down
Each component is a percentile rank among 220 investment-property lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
0th85.2% deniedProcesswithdrawn + incomplete share, weight 15%
49th5.9%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 4,555 | 835 | 26.7% | 59.3% | 11.49% | $198M |
| 2024 | 5,091 | 1,169 | 31.9% | 58.1% | 11.24% | $259M |
| 2025 | 5,173 | 719 | 80.2% | 85.2% | 10.85% | $160M |
What Commercial Lender lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 5,173 investment properties.
Where Commercial Lender lends
47 states and 0 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Ohio | 519 | 60 | 82.1% | 10.82% | #130 |
| Maryland | 447 | 33 | 86.6% | 12.00% | #100 |
| Michigan | 427 | 87 | 74.7% | 11.24% | #141 |
| Pennsylvania | 426 | 61 | 79.6% | 10.75% | #175 |
| Florida | 399 | 61 | 80.5% | 10.74% | #270 |
| Texas | 314 | 15 | 79.6% | 10.75% | #330 |
| New Jersey | 286 | 61 | 74.1% | 10.74% | #167 |
| New York | 240 | 23 | 87.9% | 11.99% | #190 |
| North Carolina | 232 | 26 | 82.8% | 10.74% | #220 |
| Illinois | 225 | 42 | 77.8% | 10.87% | #233 |
| Georgia | 170 | 32 | 75.9% | 10.82% | #262 |
| Missouri | 160 | 11 | 86.9% | 10.74% | #213 |
| Connecticut | 157 | 55 | 65.0% | 10.74% | #128 |
| Indiana | 152 | 19 | 83.6% | 11.14% | #230 |
| Alabama | 138 | 16 | 83.3% | 11.74% | #192 |
| Massachusetts | 122 | 39 | 63.1% | 10.39% | #227 |
| Louisiana | 102 | 9 | 86.3% | 10.99% | #175 |
| Tennessee | 95 | 8 | 88.4% | 10.99% | #331 |
| South Carolina | 82 | 17 | 72.0% | 11.09% | #279 |
| Virginia | 69 | 5 | 84.1% | 10.99% | #335 |
| Wisconsin | 53 | 9 | 71.7% | 10.34% | #328 |
| Mississippi | 49 | 4 | 87.8% | 10.24% | #172 |
| California | 41 | 1 | 85.4% | 9.99% | #553 |
| Washington | 35 | 2 | 88.6% | 8.75% | #327 |
| Delaware | 28 | 5 | 82.1% | 10.24% | #162 |
| Kansas | 28 | 2 | 89.3% | 10.75% | #277 |
| Oklahoma | 22 | 3 | 77.3% | 12.49% | #327 |
| District of Columbia | 19 | 2 | 79.0% | 11.27% | #124 |
| Kentucky | 19 | 3 | 68.4% | 11.95% | #354 |
| Arizona | 14 | 0 | 100.0% | — | #464 |
| West Virginia | 11 | 1 | 81.8% | 10.99% | #244 |
| Iowa | 10 | 1 | 80.0% | 10.99% | #352 |
| Nebraska | 10 | 0 | 100.0% | — | #246 |
| Rhode Island | 10 | 1 | 90.0% | 11.34% | #190 |
| Arkansas | 8 | 1 | 87.5% | 12.49% | #355 |
| Colorado | 8 | 0 | 100.0% | — | #543 |
| Idaho | 7 | 1 | 57.1% | 11.84% | #300 |
| Maine | 7 | 0 | 100.0% | — | #252 |
| Minnesota | 6 | 0 | 100.0% | — | #539 |
| New Hampshire | 6 | 0 | 50.0% | — | #310 |
| Oregon | 5 | 0 | 100.0% | — | #442 |
Frequently asked questions
Commercial Lender denied 85.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 0th percentile of investment-property lenders.
The median interest rate on loans Commercial Lender originated in 2025 was 10.85%, and its median rate spread over the average prime offer rate was 0.00 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 48% of its applications were for home purchases, 48% for refinancing (including cash-out), and 4% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.