Cincinnati Commercial Mortgage Loans
$1,000,000 Minimum

Cincinnati Commercial Mortgage Rates - Rates updated June 23rd, 2021

Loan Product Rates (start as low as) LTV
Multifamily Mortgage Rates (Over $6,000,000) 2.57% Up to 80% Get Free Quote
Multifamily Mortgage Rates (Under $6,000,000) 3.17% Up to 80% Get Free Quote
Single Tenant Lease Rates 3.42% Up to 75% Get Free Quote
Business Real Estate Loans 3.67% Up to 90% Get Free Quote
Commercial Mortgage Rates 3.67% Up to 75% Get Free Quote
Cincinnati Commercial Real Estate Cincinnati 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 Cincinnati. 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. Cincinnati 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 Cincinnati 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.

Cincinnati Commercial Mortgage Benefits

Cincinnati commercial mortgage rates start as low as 2.57% (as of June 23rd, 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

Cincinnati Multifamily Loan Information

Cincinnati Economic Trends Cincinnati Economic Trends

Emerging Entertainment Landscape Drives Investment For Low-Cost Acquisitions West of Downtown

Thriving apartment demand in city’s cultural hub. Households are expected to rise by 7,700 this year, building on 2019’s similar gain. This trend is creating strong multifamily leasing momentum in downtown Cincinnati, as the area’s amenities appeal to apartment renters. Arts events at Music Hall, cultural programs at Washington Park, and new trendy restaurants aid in the livability of downtown, as residents can efficiently access these retail and entertainment venues. Just south, in northern Kentucky, Newport on the Levy will be getting millions of dollars in renovation this year to its 360,000-square-foot mixed-use entertainment district. An upgrade to this area will also appeal to apartment renters seeking living accommodations in Cincinnati’s metro core. In 2020, apartment demand overall continues to grow, supporting the need for the 1,700-unit construction pipeline in Cincinnati this year. The influx of multifamily inventory will tick up vacancy though the rate will remain very tight in the mid- 3- percent area, allowing the average effective multifamily rent to rise to a new high. Investors are very interested in pursuing apartment loans to finance their next purchase in Cincinnati.

Transactions concentrated west of the city; aged stock producing robust yields. Sales velocity west of the city will continue to be strong in 2020, as Class C apartment buildings spanning from Lower Price Hill up to Westwood are trading more frequently than in other areas. In West End, buyers are seeking multifamily assets near Cincinnati’s $250 million professional soccer stadium currently underway and scheduled for finalization in 2021. In this locale apartment rental demand during and after the completion of this large-scale development is projected to remain high. The average price per multifamily unit for older buildings in this area lands well below the metro’s mean of $54,000 per door, with some trades dipping as low as $30,000 per unit. These low price points are creating competition for regional buyers as many primary market investors are coming into Cincinnati to pursue multifamily assets that are more cost-effective than in their home states. Cincinnati is definitely a market to consider for any investor looking to finance his or her next purchase with a multifamily loan.

2020 Cincinnati Multifamily Market Forecast

Cincinnati Completions vs. Absorption Cincinnati Completions vs. Absorption

Cincinnati National Multifamily Index Rank is at 39, up 1 place. Strong rent growth and yields above the national average nudge Cincinnati up a spot in the NMI.

Employment in Cincinnati is up 0.9%. Job gains will slow this year with 10,000 slots created, approximately half the amount of people hired in 2019.

Construction of apartment units in Cincinnati is expected to exceed 1,700 units. After the delivery of 800 units last year, construction will increase to over double the amount finalized in 2019. Development will be concentrated in central Cincinnati.

Vacancy in Cincinnati is up 30 bps. Increase in supply will result in a slight expansion in vacancy to 3.5 percent. In 2019, vacancy dropped 100 basis points.

Rent in Cincinnati is up 5.1%. Building on a 5.3 percent rent hike in 2019, the average effective rent will rise at a similar pace this year to $1,030 per month.

Investment opportunities in Cincinnati remain strong for those looking for multifamily loans. East Cincinnati remains one of the most highly sought-after investment destinations, as product can be purchased slightly below the market average cost of $54,000 per unit and produce higher yields, sometimes above 7 percent. Investors would be wise to look into procuring an apartment loan for their next purchase in the Cincinnati metro.

Data provided by Marcus & Millichap.

Commercial Mortgage Rate Trends in 2020

Cincinnati Vacancy and Rents Cincinnati 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

Cincinnati Sales Trends Cincinnati 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.

Cincinnati 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 Cincinnati 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.

Cincinnati Commercial Mortgage Loans

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

Avondale, Betts-longworth, Bond Hill, California, Camp Washington, Carthage, Clifton, College Hill, Columbia Tusculum, Columbia Tusculum (Historic District), Corryville, Cuf, Dayton Street, East End, East Price Hill, East Walnut Hills, East Westwood, Eastwood, English Woods, Evanston, Fay Apartments, Hartwell, Heights, Hyde Park, Kennedy Heights, Laurel Homes, Linwood, Lower Price Hill, Lower Price Hill (Historic District), Madisonville, Millvale, Mount Adams, Mount Airy, Mount Auburn, Mount Lookout, Mount Washington, North Avondale, North Fairmount, Northside, OBryonville, Oakley, Over-the-rhine, Paddock Hills, Pendleton, Pleasant Ridge, Prospect Hill, Queensgate, Race Street, Riverfront, Riverside, Roselawn, Sayler Park, Sedamsville, South Cumminsville, South Fairmount, Walnut Hills, West End, West Price Hill, Westwood, Westwood Town Center, Winton Hills, Winton Place.