Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Commercial Property
Commercial Real Estate Loans
Select Commercial is recognized for its expertise in commercial mortgage lending, with loans starting at $1,500,000. We finance every major commercial property type across the 48 contiguous states and work to deliver the best rates and a tailored solution for each. For pricing on all loan products, see today’s commercial mortgage rates.
Get a Free QuoteCommercial Property Types We Finance
From a single tenant building to a large shopping center, we arrange financing on all major commercial property types nationwide:
Commercial Real Estate Loan Rates
Commercial mortgage pricing depends on the property type, loan size, leverage and the strength of both the borrower and the property’s cash flow. The starting rates below are a snapshot across our most requested products. For live pricing on every program, see our commercial mortgage rates page, which we update regularly.
| Loan Type | Rate* | Max LTV |
|---|---|---|
| Multifamily / Apartment | 5.76% | 80% |
| Retail, Office & Industrial | 6.74% | 75% |
| CMBS Conduit | 6.64% | 75% |
| NNN / Single-Tenant | 6.34% | 75% |
| SBA 504 (Owner-Occupied) | 6.03% | 90% |
| Bridge | 9.00% | 75% |
Rates last updated August 7, 2026. Rates and maximum LTV shown represent our best-case pricing scenarios. Actual rates, LTV, and loan terms are subject to underwriting approval and may vary. See all current commercial mortgage rates →
How Commercial Real Estate Loans Work
A commercial real estate loan is underwritten primarily to the property, not just the borrower. Lenders look first at whether the building’s income comfortably covers the debt, then at leverage, the sponsor and the market. Understanding the main terms helps you compare offers on equal footing:
- Loan-to-value (LTV): The loan amount as a percentage of the property’s value. Most stabilized commercial properties finance up to 75%, while multifamily can reach 80%.
- Debt service coverage ratio (DSCR): Net operating income divided by the annual mortgage payment. Lenders typically look for a DSCR of 1.25 or higher, meaning the property earns at least 25% more than it needs to cover the loan.
- Amortization and term: Commercial loans commonly amortize over 25 to 30 years with a fixed-rate period of 5, 7 or 10 years, after which the loan matures or resets.
- Loan amount: Select Commercial arranges financing from $1,500,000 with no maximum, across the 48 contiguous states.
Because terms vary widely by capital source, working with a commercial mortgage broker lets you compare agency, bank, CMBS, bridge and private options side by side rather than accepting the first quote. See today’s commercial mortgage rates or request a free quote to get started.
Investment Property Loans
Most commercial real estate loans are investment property loans: financing for income-producing buildings you own as an investor rather than occupy. As a commercial mortgage broker, Select Commercial compares agency, bank, CMBS, bridge and private capital sources and matches your property and business plan to the loan with the best terms and the highest certainty of closing. If your business will occupy the building, see our business (owner-occupied) loans.
What Our Clients Say
“As a real estate attorney, I trust that Select Commercial will deliver apartment building loans and commercial mortgages in a timely manner. The rates and terms offered are excellent. I heartily recommend them.”
David S. · New York City“I needed an SBA loan and found Select Commercial. It was obvious Stephen knew everything about commercial loans. If you are starting a small business, definitely give them a call.”
Larry S. · Washington, DC“I am a veterinarian who purchased an existing practice. I was surprised to find a company that offered 100% financing at a good rate, with great terms and rates for medical office financing.”
Carol K. · Chicago, IL“Select Commercial offered 100% financing for my medical practice when my bank would have required 20% down. They delivered something my bank could not, and handled everything professionally.”
John C. · Boston, MAGet a Free Commercial Mortgage Quote
No cost, no obligation. Written answers within 48 hours on commercial loans from $1,500,000.
- No application or processing fees
- Written answers within 48 hours
- For 5+ unit and commercial properties, $1.5M and up
Commercial Mortgages by State
We arrange commercial mortgages nationwide. Explore financing state by state: