Commercial Loan Closer Salary in Miami, Florida

How much does a Commercial Loan Closer make in Miami, FL?

As of April 01, 2025, the average annual salary for a Commercial Loan Closer in Miami, FL is $42,328. According to Salary.com, salaries can range from a low of $33,622 to a high of $51,724, with most professionals earning between $37,771 and $47,247.

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Salary range for a Commercial Loan Closer

$37,771 to $47,247

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Commercial Loan Closer

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Job Openings for Commercial Loan Closer in Miami, FL

What does a Commercial Loan Closer do?

Common responsibilities of a Commercial Loan Closer

Prepare lender reallocation spreadsheets as deals are amended, including reallocation of loan outstandings among the bank group, advise bank group of new pro-rata percentages and shares, net to/from funding amounts, and distribute to lenders in coordination with deal refinancing or amendment.

April 28, 2023

Reviews commercial loans, including government sponsored programs, according to investor guidelines, Credit Union policies, procedures, and state and federal regulations.

March 09, 2023

Order, obtain, and analyze all pertinent applicant/borrower, property/collateral, and documentation information and verifications related to the processing of complex commercial loan transactions.

March 22, 2023

Participate in Kick-off call with both Internal team members and Borrower to gain understanding of transaction at onset of process.

April 05, 2023

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Commercial Loan Closer Salary By Experience Levels in Miami, FL

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Commercial Loan Closer Salary By Level of Education in Miami, FL

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Commercial Loan Closer in Miami, FL

Average Base Salary

Core compensation

37771

47247

42328

Average Total Cash Compensation

Includes base and annual incentives

39601

49609

44437

What is the average salary for Commercial Loan Closer in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Commercial Loan Closer in Miami, FL. The base salary for Commercial Loan Closer ranges from $37,771 to $47,247 with the average base salary of $42,328. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $39,601 to $49,609 with the average total cash compensation of $44,437.

View Average Salary for Commercial Loan Closer as table

	Average Salary	Average Salary Range
Base Salary	$42,328	$37,771 - $47,247
Bonus	$2,109	$1,830 - $2,363
Total Pay	$44,437	$39,601 - $49,609

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Commercial Loan Closer Salary Near Miami, FL

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Miami, FL
CITY, STATE Hialeah, FL	AVERAGE SALARY RANGE $37,582 - $47,011	COMPARE TO Miami, FL
CITY, STATE Hollywood, FL	AVERAGE SALARY RANGE $37,795 - $47,276	COMPARE TO Miami, FL
CITY, STATE Pembroke Pines, FL	AVERAGE SALARY RANGE $37,535 - $46,952	COMPARE TO Miami, FL
CITY, STATE Fort Lauderdale, FL	AVERAGE SALARY RANGE $37,795 - $47,276	COMPARE TO Miami, FL
CITY, STATE Coconut Creek, FL	AVERAGE SALARY RANGE $37,795 - $47,276	COMPARE TO Miami, FL
CITY, STATE Boca Raton, FL	AVERAGE SALARY RANGE $38,290 - $47,896	COMPARE TO Miami, FL

See salaries for Commercial Loan Closer in locations close to Miami, FL. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Miami, Florida

Miami, officially the City of Miami, is the cultural, economic and financial center of South Florida. Miami is the seat of Miami-Dade County, the most populous county in Florida. The city covers an area of about 56.6 square miles (147 km2), between the Everglades to the west and Biscayne Bay on the east; with a 2017 estimated population of 463,347, Miami is the sixth most densely populated major city in the United States. The Miami metropolitan area is home to 6.1 million people and the seventh-largest metropolitan area in the nation. Miami's metro area is the second-most populous metropolis i...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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JOB TITLE Loan Closer	LOCATION Miami, FL	MINIMUM SALARY $44,400	MAXIMUM SALARY $56,500
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JOB TITLE Mortgage Closer, Sr.	LOCATION Miami, FL	MINIMUM SALARY $49,193	MAXIMUM SALARY $62,990

The Commercial Loan Closer job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Miami, FL that might be a good fit for the type of job and salary you are looking for.

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