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    Investment

    Commercial Loans

    "Financing for business properties."

    Office buildings, retail centers, industrial properties, and multi-family 5+ units. Commercial financing for serious investors.

    20-30%

    Min Down

    680+

    Min Credit

    $10M+

    Max Loan

    Get StartedTalk to a Commercial Specialist
    Last reviewed: January 2026 · CMS Mortgage Editorial Team

    Commercial Loans Benefits

    Everything you need to know about your benefits

    $10M+ Loan Amounts

    Large-scale financing for significant commercial investments

    Multiple Property Types

    Office, retail, industrial, and multi-family all under one roof

    Cash Flow Focused

    Underwriting prioritizes property income over personal income

    Flexible Terms

    5, 7, or 10-year terms with 20-30 year amortization

    Tenant Income

    Strong tenants and leases improve loan terms

    Entity Ownership

    Hold in LLC, LP, or corporation for asset protection

    How It Works

    Your path to homeownership in just a few simple steps

    Identify the Property

    Find a stabilized commercial property with strong income and tenants.

    Analyze the Numbers

    Review NOI, cap rate, DSCR, and expense ratios to ensure cash flow.

    Submit Package

    Provide property financials, rent rolls, and borrower financial statements.

    Commercial Underwriting

    Lender reviews property income, tenant quality, and borrower strength.

    Identify the Property

    Find a stabilized commercial property with strong income and tenants.

    Analyze the Numbers

    Review NOI, cap rate, DSCR, and expense ratios to ensure cash flow.

    Submit Package

    Provide property financials, rent rolls, and borrower financial statements.

    Commercial Underwriting

    Lender reviews property income, tenant quality, and borrower strength.

    Close and Operate

    Complete purchase and manage your commercial investment.

    Types of Commercial Loans

    Choose the option that fits your situation

    Office

    Professional buildings, medical office, mixed-use with office components

    Retail

    Strip centers, single-tenant buildings, shopping centers

    Industrial

    Warehouses, manufacturing facilities, flex space

    Multi-Family 5+

    Apartment buildings, student housing, senior housing

    Important to Know

    Things to Consider

    A reverse mortgage is a significant financial decision. Here's what you should understand before proceeding.

    Property Income is Key

    Commercial underwriting focuses heavily on NOI, DSCR, and cap rate. Strong tenant leases and stable income are essential.

    Balloon Payment Structure

    Unlike residential 30-year fixed loans, commercial loans typically have 5-10 year terms with a balloon payment or refinance required.

    Borrower Strength Matters

    Lenders evaluate your net worth, liquidity, and experience in addition to property financials. Strong borrowers get better terms.

    Recourse vs. Non-Recourse

    Some commercial loans are non-recourse (property is only collateral), while others require personal guarantees. Larger loans may offer non-recourse.

    HUD-approved counseling is required to ensure you fully understand these factors before proceeding.

    Investment Analysis

    Understanding Cap Rate

    How investors evaluate commercial property value and returns

    The Formula

    Cap Rate = Net Operating Income (NOI) ÷ Purchase Price

    Example Calculation:

    Net Operating Income

    $250,000

    Purchase Price

    $3,125,000

    Cap Rate Result

    8.0%

    What Cap Rate Tells You

    Cap rate measures the relationship between a commercial property income and its purchase price. Different property types command different cap rates based on tenant stability, lease terms, and market demand.

    Higher Cap Rate (7%+)

    Higher potential returns, but often indicates older properties, less desirable locations, or higher vacancy risk.

    Lower Cap Rate (4-6%)

    Lower immediate returns, but typically premium locations, newer properties, and more stable income.

    Important: Cap rate alone doesn't determine a good investment. Always consider location, tenant quality, property condition, and market trends.

    Market Cap Rates by Property Type

    Typical ranges vary by property class and location (2024 averages)

    Class A Office

    Cap Rate Range

    5.5% – 7.5%

    Moderate Risk

    Class B/C Office

    Cap Rate Range

    7.0% – 10.0%

    Higher Risk

    Single-Tenant Retail (NNN)

    Cap Rate Range

    5.0% – 7.0%

    Lower Risk

    Strip Center Retail

    Cap Rate Range

    6.5% – 9.0%

    Moderate Risk

    Industrial/Warehouse

    Cap Rate Range

    5.0% – 7.0%

    Lower Risk

    Mixed-Use

    Cap Rate Range

    6.0% – 8.5%

    Moderate Risk

    * Cap rates vary significantly by market, property condition, and economic conditions. These are national averages for reference only.

    Loan Details

    Documentation Required

    • Property financials (P&L, rent roll)
    • Current lease agreements
    • Borrower personal financial statement
    • 2-3 years tax returns (personal and entity)
    • Entity documents (operating agreement, articles)
    • Property appraisal (commercial)

    Eligible Property Types

    • Office buildings
    • Retail centers and strip malls
    • Industrial warehouses and flex space
    • Multi-family apartments (5+ units)
    • Mixed-use commercial/residential

    Additional Info

    • Stabilized properties preferred
    • Minimum DSCR typically 1.20-1.25
    • Entity ownership required
    • Environmental review may be required

    Commercial vs. Residential Loans

    FeatureCommercial(This loan)Residential Investment
    Primary FocusProperty income (NOI, cap rate)Borrower income (DTI, W-2s)
    Loan Terms5-10 year balloons30-year fixed available
    Down Payment20-30%15-25%
    Amortization20-30 years30 years
    Rate StructureOften adjustable after termFixed or ARM options
    Entity OwnershipRequired (LLC, LP, Corp)Optional (personal common)
    Property Size5+ units, commercial use1-4 units only

    * Rates and terms subject to change. Contact us for current offers.

    FAQ

    Frequently Asked Questions

    Common questions about Commercial Loans

    Last updated: May 12, 2026

    What's the difference between commercial and residential loans?

    Commercial loans focus on property income (NOI, cap rate, DSCR) rather than borrower income. They have shorter terms (5-10 years vs 30), require entity ownership, and involve more detailed property underwriting.

    What property types qualify for commercial financing?

    Office buildings, retail centers, industrial properties (warehouses, manufacturing), and multi-family with 5+ units. Mixed-use properties with commercial components also qualify.

    How does commercial loan amortization work?

    Commercial loans typically have 20-30 year amortization schedules but 5-10 year terms. After the term, you'll need to refinance or pay the balloon balance. This is different from residential 30-year fully amortizing loans.

    Debt Service Coverage Ratio measures if property income covers the loan payment. Most commercial lenders require 1.20-1.25x DSCR (property income is 120-125% of the payment).
    Yes, commercial lenders typically require entity ownership (LLC, LP, or corporation). This provides liability protection and is standard practice for commercial real estate.
    Lenders typically want to see net worth equal to the loan amount and liquidity (cash reserves) of 6-12 months of payments. Strong borrowers may qualify for better rates and terms.
    Compare all loan types — Read our comprehensive mortgage guide
    Read the Compare GuideSee how Commercial Loans stacks up against other mortgage options
    Compare All Programs Side-by-SideDrop Commercial Loans next to up to 2 others and compare requirements line by line

    Get Rate Drop Alerts

    We'll notify you instantly when rates drop to your target.

    Get Started with Commercial Loans See Today's Rates
    Top 50 National Brokerage•NMLS #212405

    Ready to Finance Your Commercial Property?

    Let's review your property and structure the right loan

    Get StartedTalk to a Commercial Specialist

    Or call us directly: (757) 558-2603

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