Commercial Property Interest Rates

Apartment Building Loans
As of 11/24/16, rates start at
3.40
%
Minimum Loan Size $750,000
Commercial Loans
As of 11/24/16, rates start at
3.76
%
Minimum Loan Size $750,000

 

Apartment Loans: Because apartment buildings pose a reduced risk overall as an investment, the rates are very low just like single family properties.

While it is agreed, the loan type is just one variable when it comes to assessing the lender's risk. The property location, property condition, borrower's credit, and many other variables are analyzed.

Commercial Real Estate:Lenders typically prefer property types like: office buildings with multiple tenants, retail, industrial, and warehouse properties in average to highly trafficked areas. Not withstanding, one-tenant properties will be reviewed mainly for owner occupants and good credit tenants with very good financial condition. Financing for new construction, rehab, undeveloped land and/or vacant properties are more difficult to obtain financing for. The borrower's credit profile, amount invested into the property, and property specifics are significant when determining risk and mortgage rates.