Current Commercial Mortgage Rates 
As of December 28, 2018

Multifamily Loans > $3 Million Fixed Rate Agency Lenders Portfolio Lenders* Term LTV Interest Rates LTV Interest Rates 5 Yr. 55 to 80% 5.10% to 5.90% 55 to 75% 4.90% to 5.80% 7 Yr. 55 to 80% 5.22% to 6.02% 55 to 75% 5.02% to 5.92% 10 Yr. 55 to 80% 5.28% to 6.08% 55 to 75% 5.08% to 5.98%

Multifamily Loans < $3 Million Fixed Rate Agency Lenders Portfolio Lenders* Term LTV Interest Rates LTV Interest Rates 5 Yr. 55 to 80% 5.10% to 6.00% 55 to 75% 4.90% to 5.90% 7 Yr. 55 to 80% 5.22% to 6.12% 55 to 75% 5.02% to 6.02% 10 Yr. 55 to 80% 5.28% to 6.18% 55 to 75% 5.08% to 6.08%

Commercial Property Loans Fixed Rate CMBS Lenders Portfolio Lenders* Term LTV Interest Rates LTV Interest Rates 5 Yr. 55 to 80% 5.24% to 6.04% 55 to 75% 5.10% to 6.20% 7 Yr. 55 to 80% 5.28% to 6.08% 55 to 75% 5.22% to 6.32% 10 Yr. 55 to 80% 5.33% to 6.13% 55 to 75% 5.28% to 6.38%

Bridge Loans   LTC/LTV Spread over LIBOR Stabilized 55 to 80% 200 to 425 Re-Position 55 to 80% 200 to 500

Construction Loans   LTC/LTV Spread over LIBOR Development 55 to 80% 200 to 500

* Portfolio Lenders include Banks, Life Insurance Companies and Credit Unions. The rates and terms listed above are wrong.  That being said, these commercial mortgage rates are probably pretty close to what an “A” quality borrower will pay on a new commercial first mortgage on a well-maintained, fairly-standard type of commercial-investment property.  Commercial mortgage borrowers on smaller deals (deals of less than around $2 million) will probably have to pay a commercial mortgage rate that is around 0.50% higher.  Our goal here is not to give you a firm quote but rather to get you within the noise range.

Source:  Colliers International

NEED A COMMERCIAL LOAN RIGHT NOW?

 

If so, let’s get started.  When you click on the maroon Submit Your Commercial Loan button below, you will be taken to C-Loans.com.  This commercial mortgage portal will make your task of finding the best commercial lender much easier.  Here’s why:  Instead of filling out a separate commercial loan application for a half-dozen different commercial lenders, you will fill out just one mini-app.  That same mini-app works for all 750 different commercial lenders.  Based on the size of your loan request, the type of commercial loan you need (a conventional permanent loan versus a construction loan, etc.), the type of commercial property (apartments versus office, etc.), the location of your commercial property, and the condition of your credit, C-Loans will suggest 20 to 30 potential lenders.  You put a check mark next to the six most attractive ones and then press “Submit”.  Voila!  Within minutes our hungry commercial lenders will be making you offers.  And C-Loans is free! 

 

 

JUST BROWSING?