Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Financing Options
Commercial Loan Programs
Select Commercial arranges the full range of commercial and apartment loan programs nationwide, from Fannie Mae and Freddie Mac agency loans to FHA/HUD, CMBS, bank, bridge and SBA financing. As a commercial mortgage broker with 30+ years of experience, we compare every option and match your property and business plan to the program with the best terms and the highest certainty of closing, on loans from $1,500,000. To compare current pricing across every program, see today’s commercial mortgage rates.
Get a Free QuoteLoan Programs We Arrange
Every loan we place goes through one of these programs. Explore the option that fits your property and goals:
Fannie Mae Multifamily
DUS and Small Loan programs for apartment buildings, non-recourse, with fixed terms up to 30 years.
Freddie Mac Multifamily
Small Balance (SBL) and large-balance programs for 5+ unit properties, non-recourse, up to 80% LTV.
Freddie Mac SBL
Freddie Mac SBL loans (officially Conventional Small) from $2M to $10M, non-recourse, fixed 5, 7, 10, 12 or 15 year terms, up to 80% LTV.
FHA / HUD Multifamily
HUD and FHA multifamily loans offer some of the best financing options to real estate investors and developers.
CMBS Loans
Commercial mortgage-backed securities financing for multifamily, retail, office and industrial properties nationwide, non-recourse with flexible terms.
Bridge Loans
Bridge loans for acquisition, lease-up, value-add and repositioning, with a path to permanent financing.
Bank Apartment & Commercial
Portfolio bank financing for apartment and commercial properties, including bank apartment loans and business real estate financing.
SBA Loans
SBA 504 and 7(a) financing for owner-occupied business real estate, up to 90% LTV (100% possible), from $1,500,000.
How to Choose the Right Program
The best execution depends on your property, business plan and hold period. Here is how the programs generally line up:
- Stabilized, long-term hold: Fannie Mae or Freddie Mac agency loans for the lowest long-term fixed financing and non-recourse terms.
- Small balance under $6 million: Fannie Mae Small Loan, Freddie Mac SBL or a portfolio bank.
- Maximum leverage or affordable housing: FHA/HUD, with the highest leverage and longest fully amortizing terms.
- Non-recourse with flexible credit: CMBS conduit financing.
- Value-add, lease-up or repositioning: a bridge loan with a path to permanent debt.
- Owner-occupied business property: SBA 504 or 7(a) for high leverage and long terms.
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“Select Commercial was very helpful with my multifamily mortgage. Stephen went over several options and we came up with the best lender to meet my needs. I got the funds and also lowered my payments.”
Gary M. · Portland, OR“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 spoke to several commercial lenders before finding Select Commercial. They got me a lower rate and their service was exceptional. If you need a multifamily loan, you need to talk to Stephen.”
Nathan B. · Philadelphia, PAGet a Free Commercial Loan Quote
No cost, no obligation. Written answers within 48 hours on commercial and apartment 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