Charlotte Commercial Mortgage Loans
$1,000,000 Minimum

Charlotte Commercial Mortgage Rates - Rates updated May 7th, 2021

Loan Product Rates (start as low as) LTV
Multifamily Mortgage Rates (Over $6,000,000) 3.00% Up to 80% Get Free Quote
Multifamily Mortgage Rates (Under $6,000,000) 3.27% Up to 80% Get Free Quote
Single Tenant Lease Rates 3.50% Up to 75% Get Free Quote
Business Real Estate Loans 3.75% Up to 90% Get Free Quote
Commercial Mortgage Rates 3.75% Up to 75% Get Free Quote
Charlotte Commercial Real Estate Charlotte Commercial Mortgage

Select Commercial is a leading commercial real estate lender. We have excellent commercial mortgage loan products and options available for owners and purchasers of commercial real estate and multifamily buildings throughout the city of Charlotte. While we lend across the entire continental United States, we are able to give our best rates and loan programs to certain areas that we feel are strong markets. Charlotte is one of the cities that we consider to be a premium market and we actively look to originate good quality loans here for our clients. We have a diverse array of many available loan products to help qualified Charlotte borrowers looking to purchase or refinance a commercial property. If you are looking to obtain a multifamily building loan or commercial real estate loan, don't hesitate to contact us. There are many reasons why our customers like doing business with Select Commercial. We have a simplified application process and we do not charge any upfront application or processing fees. We typically offer 24-hour pre-approvals with no-cost and no-obligation. Our long term fixed rates are excellent, and we look to close within 45 days of application.

Charlotte Commercial Mortgage Benefits

Charlotte commercial mortgage rates start as low as 3.00% (as of May 7th, 2021)
• No upfront application or processing fees
• Simplified application process
• Up to 80% LTV on multifamily, 75% on commercial (90% with SBA)
• Terms and amortizations up to 30 years
• Loans for purchase and refinance, including cash-out
• 24 hour written pre-approvals with no cost and no obligation

Recent TRUSTPILOT Reviews

Select Commercial Funding Reviews from TRUSTPILOT

A three year journey
"Thanks Stephen for all of your hard work in getting our deal closed! I appreciate your professionalism and patience throughout a complicated process. You always were there for my partner and I whenever we had questions and needed answers quick. It was a pleasure to have worked with you and Select Commercial!"


Recent Closings

Charlotte Multifamily Loan Information

Charlotte Economic Trends Charlotte Economic Trends

Expanding Companies Underpin Rental Demand; Tight Class C Vacancy Delivers Steady Cash Flow

Young professionals heighten demand for apartments. Charlotte is the second largest banking center in the nation and is also a rapidly expanding tech hub. The two combined provide well-paying jobs and in turn attract a number of millennials who often rent Class A multifamily units. Over the past several years, the metro ranked among the highest in the nation in terms of the percentage increase for people between 20 to 34 years old, the prime renter cohort. The large pool of skilled workers is drawing new companies, while others expand. Honeywell and Truist Financial are among the latest firms to move their headquarters to the Queen City, while an expansion at Microsoft and Lowe’s new technology center will bolster the need for tech workers. Sustained employment gains are contributing to robust household growth, generating the need for apartments. As a result, multifamily construction is flourishing, with more than 35,000 apartment units delivered in the past five years, yet vacancy has hovered near the replacement level over this period, boosting rent. Charlotte is definitely a place for investors to look for apartment loans for their next purchase.

New inventory, robust demand drivers motivate investors. The surge in apartment rental supply is drawing a wider range of buyers to the metro and many are coming in search of more attractive price points and yields than are available in their home markets. Newer multifamily buildings throughout the metro with more than 200 units will typically trade above $150,000 per unit at cap rates in the high-4 to low-5 percent bracket, up to 100 basis points above large primary markets. Investors interested in steady cash flows are focusing on Class C assets, which post the tightest vacancy and largest apartment rent gains among the classes. Vacancy in this tier is especially tight from Uptown heading north to Interstate 485, which is producing substantial rent gains. Multifamily investors are also active in Fort Mill and Rock Hill, drawn by strong population growth. In these locales Class A properties with more than 250 units will change hands above $135,000 per door, while assets completed before 2000 traded at an average of $60,000 per unit in the first three quarters of 2019. For all these reasons, Charlotte is a great place for investors to take out multifamily loans to acquire multifamily properties.

2020 Charlotte Multifamily Market Forecast

Charlotte Completions vs. Absorption Charlotte Completions vs. Absorption

The Charlotte National Multifamily Index Rank is at 21, up 5 places. Fewer deliveries and average yields above that of the nation slide Charlotte into 21st place in the 2020 Index.

Employment in Charlotte is up 2.3%. Employers add 28,000 workers to payrolls in 2020, slightly down from a 2.5 percent hike last year.

Construction of apartment units in Charlotte is expected to exceed 7,000 units. Completions decline from last year’s 9,000 units and fall below the trailing five-year average.

Vacancy in Charlotte is up 50 bps. Inventory additions outpace renter demand, moving the vacancy rate up to 5.2 percent at the end of 2020. Last year the rate contracted 40 basis points.

Apartment rent in Charlotte is up 3.6%. The hike in vacancy will suppress rent gains. The average effective rent advances to $1,206 per month in 2020, down from a 5.9 percent surge last year.

Charlotte remains a strong option for apartment investments. A proposed light rail extension into Pineville and Ballantyne will direct more investors to consider apartment assets along the planned route. Charlotte is a great place for investors to look for apartment loans to finance their next multifamily property.

Data provided by Marcus & Millichap.

Commercial Mortgage Rate Trends in 2020

Charlotte Vacancy and Rents Charlotte Vacancy and Rents

At the beginning of 2020 the overall market outlook did not suggest any crucial factors that would negatively impact the commercial mortgage market. Commercial mortgage lenders and investors expected a very profitable 2020. Almost 65 percent of the top commercial real estate companies believed that commercial mortgage loan originations would go up this year and over 15 percent anticipated an overall rise of over 5 percent. Data released at the beginning of 2020 indicated that commercial mortgage lenders were expected to close over $680 billion of commercial mortgage loans this year. Experts were of the belief that commercial mortgage lenders would remain bullish about making loans. In addition, as commercial mortgages rates were expected to go down most industry leaders were convinced that borrowers in 2020 will have a strong desire to take out commercial mortgage loans. However, with the recent outbreak of the Covid-19 pandemic, the US and global economy has been incredibly unstable. The stock market seems to be bottoming out and commercial mortgage rates have been hit very hard. While the Fed has dropped short term interest rates, long term commercial mortgage rates have actually been rising. Huge cities like New York are shutting down. In this economic climate, many investors are scared to purchase commercial real estate and to take out commercial mortgages. Additionally, the oil industry has been hit hard. Not only are people traveling less due to coronavirus, China and Russia are currently involved in a price war which is driving the price of oil way down. Many people are optimistic that as spring and summer roll in and public health officials learns how to handle this pandemic, the economy should regain its strength.

What Happened with Commercial Mortgage Rates in 2019

Charlotte Sales Trends Charlotte Sales Trends

As we review the 2019 year, the commercial real estate market continued to flourish as the longest economic recovery in American history continued. Due to both GDP growth and a steady decline in the unemployment rate, 2019 saw the stock market make huge gains. Many investors thought that commercial mortgage rates would go up last year. However, in actuality commercial mortgage rates actually went down three times. These interest rates helped to spur investors to put more money into commercial real estate. With regards to commercial mortgage loan origination, the 2019 fiscal year far exceeded expectations due to solid fundamentals, low interest rates and higher demand for commercial mortgages. While 2018 commercial mortgage volume totaled about $339 billion, an increase of 18.9% from 2017, the 2019 numbers total about $369 billion. On a larger scale, the 2019 economy prospered overall. Over the course of the year about 2.1 million jobs were added to the market. In addition, the unemployment rate decreased about 50 basis points last year, matching the lowest unemployment rate in fifty years. At the beginning of 2019 many investors were expecting a recession. However, the economy improved as job growth rose and the unemployment rate decreased. This economic improvement had an immensely positive impact on the commercial real estate market as more investors rushed to put their money into commercial properties.

Charlotte Commercial Mortgage Loan Options

Our staff is professional and knowledgeable, and we look forward to working with you on your next commercial mortgage transaction. We arrange financing in the city of Charlotte for the following:


  • Multifamily Building Loans – we actively lend on garden apartments, high-rise multifamily buildings, student housing complexes, underlying cooperatives, and all other types of residential dwellings. We consider loan requests up to 80% LTV. We offer loans with and without recourse (personal guarantees) and with and without prepayment penalties. We offer fixed rate loans with terms from 3 to 30 years.
  • Office Building Loans – we lend on all types of office properties, including multi-tenant and single tenant buildings in all locations. We lend on both owner occupied and investor properties. We typically lend up to 75% LTV on investor properties and up to 90% on owner occupied properties. Most loans are written for either 5, 7, or 10 years at a fixed rate with a 25-year amortization.
  • Retail Building Loans – we gladly consider requests for commercial mortgage loans on shopping centers, retail strip centers, and individual retail stores. We are a little bit more conservative on retail loans these days based on the current climate for retailers and will consider LTV ratios of 65%-75% depending on the deal. We actively lend on NNN single tenant retail locations such as Starbuck’s, CVS, Walgreens, Dollar General, and other national credit rated tenants.
  • Industrial Property Loans – we love to lend on warehouses, distribution centers, manufacturing facilities and other industrial properties. Often, these properties are owner occupied by the owner’s business. We also lend on multi-tenant industrial properties as well. We look for properties in good locations with access to population centers and transportation.
  • Single/Special Use Loans – we have a special lending division that understands small business lending secured by owner occupied businesses such as motels, gas stations, restaurants, car washes, retail stores, and other specialty properties. Many banks have a hard time with this type of lending as they often do not understand the underlying businesses.
  • Investment Property Loans – any and all income producing property will be considered. We are cash flow driven lenders and look for properties that generate positive cash flow for their owners. We will consider portfolios of single family residences under this group.
  • Bridge Loans – many borrowers do not qualify for regular institutional financing due to various short-term obstacles which need to be resolved before they can qualify for bank type financing. These borrowers often require short term loans, or bridge loans, to overcome these short-term problems.
Our company has multiple capital sources for these loans, including: national banks, regional and local banks, Fannie Mae, Freddie Mac, FHA, HUD, insurance companies, Wall Street conduit lenders (CMBS deals), credit unions and private lenders/hedge funds. Whether you are purchasing or refinancing, we have the right solutions available. We will entertain loan requests of all sizes, beginning at $1,000,000. Get started with a Free Commercial Mortgage Loan Quote.

Charlotte Commercial Mortgage Loans

Select Commercial provides commercial mortgage loans and multifamily financing throughout Charlotte and the state of North Carolina including, but not limited to, the areas below.


Myers Park • Ballantyne West • Autumnwood • Highland Creek • Quail Hollow • Cotswold • Fourth Ward • Davis Lake / Eastfield • Tryon Hills • City Center • Mountain Island • University City North • Carmel • Toddville Road • East Forest • Dilworth • First Ward • Newell • Closeburn / Glenkirk • Oakhurst