Rates for Commercial Building Loans above $1,000,000

These programs generally offer a lower rate than portfolio programs. They may not be as competitive as life companies, conduits, and secondary market loans and normally offer non-prohibitive pre payment penalties and costs.

Commercial Building Loan Terms and Rates

3-Year Fixed

4.5% to 5.00% adjusting after 3-years @ 2.35% over the 12 month average treasury index

5-Year Fixed

4.7% to 5.1% adjusting after 5-years @ 2.35% over the 12 month average treasury index

7-Year Fixed

4.75% to 5.125% adjusting after 7-years @ 2.35% over the 12 month average treasury index

10-Year Fixed

4.9% to 5.275% adjusting after 10-years @ 2.35% over the 12 month average treasury index

15-Year Fixed

4.75% to 5.375% adjusting after 15-years at 2.35% over the 12 month average treasury index
(15-year fixed rate loans typically require a 15-year term and amortization)

Purchase loans offered at a loan to value of 70% and refinances with cash back to 65%, limited to a 1.25-1.35 percentage of annual debt service to net operating income. Borrower and Subject Property Leverage are considerations in setting loan to value and interest rate and property lease terms.

Most of these loan types have declining pre-payment penalties and rates that vary per program, based on LTV, Debt Service Coverage and building age and structure.

**Rates change daily and can be locked after complete loan package is accepted.

NOTE: Please note the guidelines presented above are general in nature. Special loan programs may provide more or less flexibility on certain deal points.

**Any loan may be negotiated under certain circumstances.