Commercial Mortgage Rates

Current commercial mortgage rates are at historic lows. Our rates are extremely attractive, and we offer 24 hour approvals with NO COST and NO OBLIGATION. If you are looking to finance a commercial property, we can help. Click for a FREE QUOTE now! Commercial mortgage rates remain very low for many types of properties. Currently, the types of properties that lenders prefer are: multi-tenanted office, retail, industrial, and warehouse properties in good locations and in solid markets. In addition, single tenant properties will be considered for credit tenants and owner occupants in good financial condition.

Commercial Mortgage Interest Rates - Rates updated

Loan Product Rates (start as low as) LTV Amortization
Commercial Mortgage Rates 4.25% Up to 75% Up to 25 years
Apartment Building Mortgage Rates 3.60% Up to 80% Up to 30 years
Business Real Estate Loans 4.10% Up to 90% Up to 30 years
Commercial Mortgage Rate & Terms - Rates Updated
Loan Product Rate Amortization
3 Year Fixed 4.28% Up to 25 years
5 Year Fixed 4.50% Up to 25 years
7 Year Fixed 4.66% Up to 25 years
10 Year Fixed 4.75% Up to 25 years
  • Up to 75% LTV
  • Simplified underwriting for small balance loans
  • Loan amounts from $750,000
  • Loan to value ratios up to 75%. 
  • Loan to value ratios up to 90% on SBA deals (owner/user commercial properties)
  • Step down and yield maintenance prepayment penalties
  • Nonrecourse loans are available
  • Commercial Mortgage Backed Securities - Rates Updated
    Loan Product Rate Amortization
    10 Year Fixed 4.34%-4.99% Up to 30 years
  • Up to 75% LTV
  • Loan amounts from $2 million and up
  • Loans available for apartment buildings, retail shopping centers, office buildings, warehouses and hospitality
  • Loan to value ratios up to 75% on purchases and refinances
  • Cash out refinances are acceptable
  • Interest only loans are available
  • Loans are non-recourse
  • NNN Single Tenant Properties / Credit Rated - Rates Updated
    Loan Product Rate Amortization
    3 Year Fixed 3.88% Up to 30 years
    5 Year Fixed 4.10% Up to 30 years
    7 Year Fixed 4.26% Up to 30 years
    10 Year Fixed 4.35% Up to 30 years
  • Up to 75% LTV
  • Credit tenants such as Walgreen’s, CVS, AutoZone, Panera Bread, etc.
  • Up to 75% LTV for purchases and refinances
  • Cash out available
  • Low step-down prepayment penalties
  • Loan terms up to remaining lease term
  • Apartment Building Mortgage Rates

    Apartment building loan rates are among the best in the commercial mortgage industry. When lenders set the rates for these types of loans, they are encouraged by the short and long term prospects of the rental housing markets. Due to the lower risk of apartment buildings as an investment class, the rates are very low right now. Of course, the type of loan is only one factor when it comes to determining risk. The borrower’s credit worthiness, property location and property condition and many other factors are analyzed. For more information on what commercial mortgage lenders look for in determining the rate you receive, please see our blog article How to Qualify for the Best Commercial Mortgage Rate.

    Fannie Mae Small Balance Apartment Loan - Rates Updated
    Loan Product Rate Amortization
    5 Year Fixed 3.94%-4.53% Up to 30 years
    7 Year Fixed 3.91%-4.48% Up to 30 years
    10 Year Fixed 4.12%-4.64% Up to 30 years
    15 Year Fixed 4.13%-4.66% 30 years
    30 Year Fixed 4.45%-4.99% 30 years
  • 55-80% LTV
  • Simplified underwriting for small balance loans
  • Loan amounts from $750,000-$3 million - up to $5 million in major markets
  • Loan to value ratios up to 80% on purchases and 75% on refinances
  • Cash out refinances are acceptable
  • Pricing based on loan-to-value and debt service coverage ratio:
    • Tier 2 - 75-80%/1.25x
    • Tier 3 - 65%/1.35x
    • Tier 4 – 55%/1.55x
  • Interest only loans are available
  • Step down and yield maintenance prepayment penalties
  • Nonrecourse loans are available
  • Fannie Mae Large Balance Apartment Loan - Rates Updated
    Loan Product Rate Amortization
    5 Year Fixed 3.74%-4.33% Up to 30 years
    7 Year Fixed 3.71%-4.28% Up to 30 years
    10 Year Fixed 3.92%-4.44% Up to 30 years
    15 Year Fixed 3.93%-4.46% 30 years
    30 Year Fixed 4.25%-4.79% 30 years
  • 55-80% LTV
  • Loan amounts from $3 million and up
  • Loans available for apartment buildings, cooperatives, affordable housing, student housing, senior housing, and manufactured home communities
  • Loan to value ratios up to 80% on purchases and 75% on refinances
  • Cash out refinances are acceptable
  • Pricing based on loan-to-value and debt service coverage ratio:
    • Tier 2 - 75-80%/1.25x
    • Tier 3 - 65%/1.35x
    • Tier 4 – 55%/1.55x
  • Interest only loans are available
  • Step down and yield maintenance prepayment penalties
  • Nonrecourse loans are available
  • Principal borrower must meet credit, net worth, liquidity and experience requirements
  • Freddie Mac Small Balance Apartment Loan - Rates Updated
    Loan Product Rates (start as low as) Amortization
    5 Year Fixed 3.60% Up to 30 years
    7 Year Fixed 3.85% Up to 30 years
    10 Year Fixed 3.99% Up to 30 years
  • 55-80% LTV
  • 5 year fixed rate period may be followed by a 15 year floating rate period
  • 7 year fixed rate period may be followed by a 13 year floating rate period
  • 10 year fixed rate rate period may be followed by a 10 year floating rate period
  • Interest only is available
  • Step-down prepayment penalties
  • Free rate locks for up to 90 days
  • Pricing is based on LTV and DSC ratios
  • Floating rate periods subject to annual and lifetime caps
  • Bank Apartment Mortgage Loan - Rates Updated
    Loan Product Rate Amortization
    5 Year Fixed 4.00%-4.50% Up to 30 years
    7 Year Fixed 4.25%-4.75% Up to 30 years
    10 Year Fixed 4.50%-5.00% Up to 30 years
  • Up to 75% LTV for purchases and refinances
  • Cash out available
  • Low step-down prepayment penalties
  • Fixed rates for 5, 7, or 10 years followed by adjustable rate options
  • Adjustable options are subject to annual and lifetime caps
  • Recourse is typically required
  • 60 day rate locks
  • Up to 50% commercial income is acceptable
  • Commercial Mortgage Backed Securities Loan - Rates Updated
    Loan Product Rate Amortization
    10 Year Fixed 4.34%-4.99% Up to 30 years
  • Up to 75% LTV
  • Loan amounts from $2 million and up
  • Loans available for apartment buildings, retail shopping centers, office buildings, warehouses and hospitality
  • Loan to value ratios up to 75% on purchases and refinances
  • Cash out refinances are acceptable
  • Interest only loans are available
  • Loans are non-recourse
  • Bridge Loan
    Call for more information

    Business Real Estate Rates

    Business mortgage rates for loans secured by a self-employed realestate owner’s remain low for many types of properties, including: hotels and motels, gas stations, convenience stores, laundromats, doctor's and dentist's offices, other professional offices, warehouses, industrial facilities, auto repair, retail stores, self-storage, day care, liquor stores, assisted living facilities, etc. Most of these property types will qualify for loans up to 90% LTV with very attractive business mortgage rates. Physicians, dentists, veterinarians, and other medical professionals may qualify for up to 100% financing for their medical practices, including working capital. Like other types of commercial mortgage loans, the borrower’s credit worthiness and property details will determine the rate and terms of the loan.

    Owner Occupied Commercial Mortgage - Rates Updated
    Loan Product Rate Amortization
    3 Year Fixed 4.08% Up to 30 years
    5 Year Fixed 4.30% Up to 30 years
    7 Year Fixed 4.46% Up to 30 years
    10 Year Fixed 4.55% Up to 30 years
  • Up to 80% LTV
  • Step-down prepayment penalties
  • Loan to value ratios up to 80%, 90% with SBA
  • Loans from $750,000 and up
  • 51% or more of the property to be owner occupied
  • Small Business Administration Loan - Rates Updated
    Loan Product Rate Amortization
    Adjustable 5.75%-7.00% Up to 25 years
    5 Year Fixed 5.75%-7.00% Up to 25 years
  • Up to 90% LTV, 100% possible
  • Loans for the purchase or refinance of owner occupied properties
  • Relaxed income and credit qualifying guidelines
  • Capital available for working capital, equipment, and accounts receivable
  • Loans up to 90% LTV (100% for certain professional businesses)
  • Loans from $750,000+
  • Commercial Mortgage Loans / Commercial Real Estate Loans From $750,000

    Commercial Mortgage Loan Commercial Mortgage Loan

    Select Commercial has excellent products and options available for owners and purchasers of commercial real estate. We arrange financing nationwide for single tenant and multi-tenant properties, including: office, retail, industrial, warehouse, self-storage, healthcare, hospitality, mixed use and specialty use. Our company has multiple capital sources for these loans, including: national banks, regional and local banks, insurance companies, Wall Street conduit lenders, credit unions and private lenders. Whether you are purchasing or refinancing, we have the right solutions available. We will entertain loan requests of all sizes, beginning at $750,000.


    We offer long term fixed rates at extremely competitive rates.   Our underwriting is very flexible and we are able to approve commercial real estate loans that many other lenders are unable to approve.  For example, we have specific programs for borrowers with less than perfect credit and those who might need a stated income loan. The bottom line is that we have a specific program for just about every situation. We’ve helped hundreds of customers with their loan requests.  Our personal attention and extensive array of commercial mortgage programs are the hallmark of our success.  We never charge an application fee and we offer written pre-approvals within 24 hours of receiving a completed application.


    If you have contacted other commercial mortgage lenders and been disappointed by their lack of personal service, you’ve come to right place.  We believe in working on all of the details necessary to get your loan approved at the very best rates and terms available in the market.


    Our diverse menu of commercial real estate loan options allows us to finance all types of commercial and investment properties nationwide.  We finance multi-tenant properties such as apartment buildings, retail shopping centers, office buildings and warehouse/industrial properties, as well as single tenant and special use properties such as credit lease properties, restaurants, gas stations and motels.  We lend on investor properties (those rented to others), as well as owner-occupied or owner-user properties which are owned and used for the owner’s business. 


    The loan-to-value ratio on a typical apartment building loan will be between 75% - 80% and we offer fixed rates for up to 30 years.  The loan-to-value ratio on a typical commercial mortgage loan will be 70% - 75% with terms up to 25 years.  On owner occupied properties we will often lend up to 90% and in some cases (medical offices, for example) we will lend up to 100% of the value of the property.


    There are many property types that are often hard to finance with your local bank.  These include very specialized single use properties such as theaters, bowling alleys and skating rinks.  We are actively and aggressively lending on these properties.  We strongly support local businesses and are anxious to help you grow your business.  For business owners, we will also consider working capital and accounts receivable financing.  Again, we are committed to small business owners!


    Whether you are a large developer/property owner or an owner of just one property, we want to be your source for your commercial mortgage loan.  Over the past 30 years we have helped hundreds and hundreds of people purchase and refinance their commercial properties.  Some of our customers come back time and time again (and refer their friends) to take advantage of our superior service, great rates and knowledge of the market.  Borrowing can be confusing – let us show you how we can help.


    If you are in need of commercial mortgage financing, we look forward to speaking with you to discuss your individual needs.  With over 30 years of experience, and countless satisfied customers, you can rest assured that we will be able to satisfy your needs. To discuss your needs, please call us today, toll free at 1-877-548-9454 or complete a confidential free loan request form by clicking this link. 

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