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Commercial Mortgage Interest Rates - Nationwide Lending
Commercial Real Estate interest rates offered by Commercial Loan Direct. Mortgage rates can vary depending on different financial and transactional factors. CLD strives to offer the most competitive and comprehensive commercial loan mortgage rates and terms in the marketplace.
* Commercial mortgage interest rates are updated weekly.
Commercial Interest Rates - Programs |
|
Commercial Interest Rates |
Loan Amount
|
|
$750k - $5Million |
|
$1Million - $10Million |
|
$10Million - $1Billion |
|
$750k - >$250Million |
|
$3Million - >$250Million |
|
$2Million - $10Million |
|
$1Million - $5Million |
|
$500k - $2Million |
|
$500k - $10Million |
|
|
Small Balance Program - ($750,000 - $5Million) |
|
(>51% Owner Occupied) $750,000 to $5Million SBA-504
|
Max LTV |
Fixed Term |
Rates |
Max. Amort. |
90% LTV Purchase
(SBA 504)
(Special use property add 0.75% to Rate)
Guidelines |
Quarterly |
4.746%-5.371% |
25 |
1-year |
4.929%-5.555% | 25 |
3-year |
4.990%-5.616% | 25 |
5-year |
5.402%-6.027% |
25 |
Floor Rate
Quarterly/Annual |
5.065% |
25 |
Floor Rates
Rate 3 & 5 Yrs |
5.621% |
25 |
*SBA Blended Rate (final rate to Borrower) is calculated assuming a 50% 1st Mortgage (25 yr amortization) 40% SBA 504 2nd Mortgage (20 yr amortization) and a 10% cash-down payment. |
|
(>51% Owner Occupied) $750,000 to $4Million Conventional
|
Max LTV |
Fixed Term |
Rates |
Max. Amort. |
65% LTV
Purchase & Refinance
(Special use property add 0.75% to Rate)
Guidelines |
Quarterly |
4.375% |
25 |
1-year |
|
25 |
3-year |
|
25 |
5-year |
5.93% |
25 |
Floor Rate
Quarterly & Annual |
4.95% |
25 |
Floor
Rate: 3 & 5 Yrs |
5.95% |
25 |
|
(Investor) $750,000 to $4Million Investor
|
Max LTV |
Fixed Term |
Rates |
Max. Amort. |
65% LTV
Purchase & Refinance
(Special use property add 0.25% to Rate)
Guidelines |
Quarterly |
4.875% |
25 |
1-year |
5.205% |
25 |
3-year |
5.69% |
25 |
5-year |
6.43% |
25 |
Floor Rate
Quarterly & Annual |
4.95% |
25 |
Floor
Rate: 3&5 Yrs |
5.95% |
25 |
|
Mid Balance - Investor/Owner Occupied - ($1Million - $10Million) |
|
Properties; Industrial, General Offices, Creative and Professional Office Space, Anchored Retail, Factory Outlets, and Mini Storage
|
Max LTV |
Fixed Term |
Rates |
Max. Amort. |
75% LTV
|
Quarterly |
6.75% |
25 |
1-year |
6.75% |
25 |
3-year |
6.75% |
25 |
5-year |
6.99% |
25 |
*5+5 yrs Fixed |
6.99% |
25 |
7 yrs fixed |
7.30% |
25 |
| * 5 year fixed, 1 time rate adjustment then fixed for 5 years |
|
Properties; Health Care, Special Purpose, and Hospitality
|
Max LTV |
Fixed Term |
Rates |
Max. Amort. |
75% LTV
|
Quarterly |
7.50% |
25 |
1-year |
7.50% |
25 |
3-year |
7.50% |
25 |
5-year |
7.50% |
25 |
*5+5 yrs Fixed |
7.50% |
25 |
7 yrs fixed |
7.75% |
25 |
* 5 year fixed, 1 time rate adjustment then fixed for 5 years |
|
Large Balance - Conduit ($10Million-$1Billion) |
|
Conduit Commercial Interest Rates
|
Program |
Fixed Term |
Rates |
Max. Amort. |
Purchase
(70%-75% LTV) |
5-25 years |
|
30 yrs |
|
|
MULTI-FAMILY - Standard - FANNIE MAE |
|
Small Balance ($750,000 - $3Million) |
Max LTV |
Fixed Term |
Rate |
Max. Amort. |
80% Purchase
75% Cash-out Refi |
10 yrs |
5.280% - 5.730% |
30 yrs |
65% Purchase
65% Cash-out Refi |
10 yrs |
5.080% - 5.530% |
30 yrs |
55% Purchase
55% Cash-out Refi |
10 yrs |
4.880% - 5.330% |
30 yrs |
| Other terms available (5, 7, 15, & 30 yrs) |
|
|
Mid Balance ($3Million - $20Million) |
Max LTV |
Fixed Term |
Rate |
Max. Amort. |
80% Purchase
75% Cash-out Refi |
10 yrs |
5.280% - 5.580% |
30 yrs |
65% Purchase
65% Cash-out Refi |
10 yrs |
5.080% - 5.380% |
30 yrs |
55% Purchase
55% Cash-out Refi |
10 yrs |
4.880% - 5.180% |
30 yrs |
| Other terms available (5, 7, 15, & 30 yrs) |
|
|
Large Balance (Transaction over $20Million) |
Max LTV |
Fixed Term |
Rates |
Max. Amort. |
80% Purchase
75% Cash-out Refi |
10 yrs |
5.280% - 5.505% |
30 yrs |
65% Purchase
65% Cash-out Refi |
10 yrs |
5.080% - 5.305% |
30 yrs |
55% Purchase
55% Cash-out Refi |
10 yrs |
4.880% - 5.105% |
30 yrs |
| Other terms available (5, 7, 15, & 30 yrs) |
|
|
MULTI-FAMILY - FHA PROGRAM |
|
Small Balance ($3 Million - $20 Million) |
Program |
Fixed Term |
Rate |
Max. Amort. |
Purchase
(90% LTV)
Refinance 85% LTV
|
35-40 years |
|
35-40 yrs |
|
Large Balance ($20 Million - > $250 Million) |
Program |
Fixed Term |
Rate |
Max. Amort. |
Purchase
(90% LTV)
Refinance 85% LTV
|
35-40 years |
|
35-40 yrs |
|
|
Bridge Loans - Investor/Owner Occupied - ($2Million - $10Million) |
|
Commercial Interest Rates
|
Program |
Fixed Term |
Rate |
Max. Amort. |
Rehab / Bridge
(70% LTC) |
1-3 years |
|
Interest-Only |
Floor Rate |
1-3 years |
|
Interest-Only |
|
|
Construction Loans - Owner Occupied Only |
|
Construction Loans - $750,000 to $5 Million (w/ SBA-504 only)
|
Program |
Fixed Term |
Rate |
Max. Amort. |
- 90% for multi-use properties (excludes start-up businesses)
-
85% for special use properties (multi-use start up)
-
80% for special use properties that are start-up businesses
|
Multi Use
Special Use |
4.250%
5.250% |
Interest-Only Interest-Only |
Floor Rate |
|
7.00% |
|
|
|
SBA 7a Loans - $500,000 to $2Million
|
Program |
Rate Term |
Rate |
Max. Amort. |
Purchase
(90% LTV) |
Quarterly |
|
20 yrs |
Floor Rates |
Quarterly |
|
20 yrs |
|
|
USDA Loans - $500,000 to $10Million |
Program |
Rate Term |
Rate |
Max. Amort. |
Purchase
(85% LTV) |
Quarterly |
|
20 yrs |
Floor Rates |
Quarterly |
|
20 yrs |
|
|
|
Index |
Commercial Mortgage Rates |
Prime |
3.25% |
90 Days Libor |
0.48% |
6 Month Libor |
0.69% |
1 Year Libor |
1.08% |
3 Year Swap |
1.19% |
5 Year Swap |
1.93% |
5 Year Treasury |
1.82% |
10 Year Treasury |
3.08% |
SBA 504 |
5.21% |
|
*Note: The commercial mortgage rates displayed in this website should be used as a guideline and do not represent a commitment to lend. Commercial mortgage interest rates can vary depending on Borrower's credit, LTV, loan size, property condition, market conditions, and other factors. Furthermore, Commercial Loan Direct and Prudential Capital, Inc. are not liable for any commercial mortgage interest rate or data entry errors that might affect the displayed commercial loan rates. Commercial rates may change at any time and without notice.
