Loan Product
Commercial Refinance Loans: $5M to $500M+ Across All Asset Classes.
A commercial refinance replaces your existing debt with new debt that fits where the deal is today, not where it was three or seven years ago. Lower rate. Longer term. Cash out for the next acquisition. Move out of recourse into non recourse. Take out a partner. Whatever the reason, the right refinance can drop your debt service or unlock millions in trapped equity. The institutional sweet spot here is $10M and up. The full network covers $5M to $500M+ across every major commercial asset class.
Common Refinance Triggers
- Existing CMBS or bank loan is approaching maturity in the next 18 months.
- You want to lock in a better rate while spreads are favorable.
- You need cash out to fund the next acquisition or capex plan.
- You want to refinance out of a recourse bank loan into non recourse permanent debt.
- You are taking out a partner or restructuring the capital stack.
- You stabilized an asset on bridge debt and need to roll into permanent.
- You hold an existing HUD loan and qualify for a 223(a)(7) streamlined refi.
Refinance Programs Across the Network
- Agency multifamily refinance (Fannie DUS, Freddie Optigo)
- HUD 223(f) and 223(a)(7) streamlined refi
- CMBS conduit refinance ($5M to $250M)
- Life insurance company permanent ($5M to $500M+)
- Bridge refinance for transitional or value add assets
- Hotel refinance (CMBS, SBA, dedicated hospitality debt funds)
- Cash out refinance and supplemental loans on existing agency debt
- Recapitalization, partner buyout, and DPO debt
Loan Snapshot
- Loan Amounts
- $5M to $500M+ across the network
- Typical Sweet Spot
- $10M+
- LTV / LTC
- Program dependent
- Term
- 5 to 40 years depending on program
- Recourse
- Non recourse with standard carve outs (most institutional programs)
- Closing Time
- 30 to 90 days bank, agency, CMBS, life co; 6 to 12 months HUD
- Property Types
- Multifamily, office, retail, industrial, hospitality, mixed use, self storage, senior housing
- Geography
- Nationwide, drawn from the 200 plus active capital source network
- Rates
- Rates depend on the deal. Submit your file or jump on a call and I will give you a real number.
Rates depend on the deal. Submit your file or jump on a call and I'll get you a real number.
Start the Conversation 18 Months Before Maturity
If your loan matures in the next 18 months, the refinance conversation should already be open. Markets move. Rate locks take time to coordinate. Lender pricing varies by week. Sponsors who start early get first pick of structure and pricing. Sponsors who wait until 90 days out get whatever the market offers that day.
Frequently Asked Questions
What is a commercial refinance loan?
A commercial refinance loan replaces existing debt on a commercial property with new debt — usually to lock in a better rate, extend the term, pull cash out, or restructure the capital stack. We refinance commercial real estate from $5M to $500M+ across multifamily, office, retail, industrial, hospitality, mixed use, and self storage.
When should I refinance my commercial loan?
Common refinance triggers: maturing existing debt (CMBS or bank), interest rate improvement opportunity, cash out for new acquisitions or capex, exit from a recourse loan into non recourse, or restructure of a maturing partner. If your loan matures in the next 18 months, start the refinance conversation now.
Can I do a cash out refinance on commercial real estate?
Yes. Cash out refinance is one of the most common reasons institutional sponsors refinance. Agency multifamily allows supplementals on existing debt without a full refi. CMBS and life company permanent allow cash out at refinance. Bridge debt is often used when you need cash out faster than agency can move.
What does a commercial refinance cost?
Closing costs run 1 to 3% of the loan amount on most institutional refinances, including lender legal, third party reports (appraisal, environmental, engineering), title, and origination. HUD 223(a)(7) streamlined refinance is typically the cheapest option for refinancing existing HUD debt.
How long does a commercial refinance take?
Most institutional refinances close in 45 to 90 days from signed application. Bank deals can move faster. Agency, CMBS, and life company permanent run that 45 to 90 day window. HUD refinance takes 6 to 12 months. Bridge refinance closes in 30 to 60 days when speed matters.
Ready when you are.
Send me your file or pick up the phone. I answer 7 days a week.