Government
Somercor
SomerCor is a Chicago-based non-profit Certified Development Company (CDC) that facilitates government-backed SBA 504 loans for small businesses seeking long-term financing for commercial real estate and equipment.
Key Statistics
As of June 2026, public records show Somercor has originated approximately $80.0M in loan volume over the past 12 months, with an average loan size of $816k.
Volume (12mo)
$80.0M
Avg Loan Size
$816k
Total Mortgages
914
Total Borrowers
1,223
Lending Entities
Somercor funds loans through the following entities. These are the legal entities that appear on recorded mortgage documents.
912 mortgages recorded
+3 more entities not shown
Geography
Somercor's lending activity is concentrated in the following states, based on recorded mortgage data from the past 12 months.
Mortgages (12mo): 77
Volume (12mo): $73.7M
Total Volume: $732.5M
Mortgages (12mo): 2
Volume (12mo): $2.9M
Total Volume: $5.0M
Mortgages (12mo): 1
Volume (12mo): $1.5M
Total Volume: $1.5M
Top Borrowers
The following individuals have the most recorded mortgage transactions with Somercor. Click on a borrower to view their full investor profile.
+1,220 more borrowers not shown
FAQ
What type of lender is Somercor?
Somercor is classified as an government based on our research. Government-sponsored enterprises (GSEs) directly originate or guarantee loans. The majority of their loans (96%) are for business purposes.
What entities does Somercor fund loans under?
Somercor originates mortgages through 4 different lending entities. The most common include Somercor 504. These are the legal entity names that appear on recorded mortgage documents.
Where is Somercor most active?
Based on recorded mortgages, Somercor is most active in Illinois, Wisconsin, and Massachusetts.
How many loans has Somercor originated?
Public records show 914 mortgages recorded for Somercor, with $80.0M in volume over the past 12 months.
What is the average loan size for Somercor?
The average mortgage size for Somercor is $816k based on all recorded mortgages.
Does Somercor offer short-term loans?
Somercor primarily offers long-term financing, with only 1% of loans being short-term.
How is this data collected?
Elementix aggregates mortgage data from public county records across the United States. We use AI to normalize lender names, identify aliases, and connect borrowers to their lending relationships.