CommercialRefi

We refinance commercial real estate.

CommercialRefi brokers your loan from first analysis to closing. We underwrite the property, take it to the lenders that fit, negotiate the terms, and manage every step in between. A feasibility answer in 48 hours. No upfront fees.

Start a refinance Use the free calculators

Today's commercial mortgage index rates

The benchmarks lenders price from. Your loan rate is an index plus the lender's spread.

5-year Treasury–
7-year Treasury–
10-year Treasury–
SOFR–overnight
30-day average SOFR–compounded
Prime–fed funds ceiling + 3

Treasury par yields from the US Department of the Treasury, as of loading, with the change from the prior business day. SOFR and the federal funds target from the Federal Reserve Bank of New York, as of loading. Prime is shown by its standing convention of three points over the top of the target range. These are indexes, not loan quotes. What each index is used for

Most owners refinance a commercial property once every several years. We do it every day, and everyone here comes from real estate investment banking.

A commercial loan is negotiated, not shopped. Which lender wants your property type this quarter, how they will size the loan, what they will ask for at closing: that knowledge comes from sitting on the other side of the table.

We bring it to your refinance, and you pay us no fee upfront.

See how a refinance runs

5,000+
deals underwritten by our team
$1B
in financing closed
48 hrs
to an answer on whether your loan is feasible
US, Canada, Caribbean, EU, Middle East
where our team has secured financing
Where we place loans
  • Regional banks
  • Credit unions
  • Agency and GSE lenders
  • CMBS conduits
  • Life insurance companies
  • Debt funds
Brick apartment building with exterior stairs

Refinancing is what we are built for.

A loan coming due, a rate worth improving, equity you want out of the building. We take the property you already own and find the debt that fits it now.

  • A refinance has room to adjust.If the appraisal lands below expectations, the loan amount moves and the deal still closes. You take out less cash rather than scrambling for more.
  • You already have the numbers.Your rent roll and operating history are the underwriting. No seller, no purchase contract, no closing date set by someone else.
  • We run the lender process.We select the lenders, put your file in front of them the way their credit committees want to see it, and negotiate rate, proceeds, and prepayment terms.

Acquisition loans

Buying a property? We arrange purchase financing with the same lenders and the same process, timed to your closing date.

Construction loans

Ground-up and major renovation financing, placed with construction lenders.

Tell us what you are working on.

Every major property type, with apartments at the centre.

Each asset class has its own lenders, its own underwriting, and its own traps. We have worked through all of them.

Garden-style apartment buildings at golden hour

Multifamily

Garden-style, mid-rise, and high-rise apartments of five units and up, including age-restricted housing.

Brick MixedUse building in evening light

MixedUse

Apartments over retail or office, in any combination.

Row of warehouse loading docks

Industrial

Warehouse, distribution, flex, and cold storage.

Open-air shopping centre walkway

Retail

Neighbourhood centres, in-line, and single-tenant.

Modern office building

Office

Stabilized multi-tenant and medical office.

Self-storage building with roll-up doors

Self-storage

Drive-up and climate-controlled facilities.

Aisle of equipment racks inside a data center

Data centers

Financing for powered shell, colocation, and enterprise facilities.

Also financedHospitalityHealthcare and medicalOwner-occupied business real estateSpecial-purpose property

From your first call to a closed loan in 30 to 90 days.

Smaller properties move faster, usually 25 to 45 days. Here is what happens, in order, starting at day zero.

  1. Inquiry and first analysis

    Day 0

    You tell us about the property and the loan on it. We start on the numbers straight away: income, value, and what a lender is likely to offer.

  2. Initial consult

    We talk through what you want from the refinance: lower payment, cash out, longer term, or simply getting ahead of a maturity date.

  3. Feasibility answer

    Within 48 hours

    A straight answer on whether the loan can be done, at roughly what size and on what kind of terms. If it cannot, we say so and tell you why.

  4. Agreement signed

    A written agreement sets out what we will do and how we are paid. There is no upfront fee.

  5. Identifying and securing a lender

    We package your file and take it to the lenders that want this property type, size, and market, then bring you their term sheets side by side.

  6. Negotiating with the lender

    Rate, proceeds, amortization, interest-only period, recourse, and prepayment terms. We push on each one before you sign anything.

  7. Appraisal ordered

    The lender orders the appraisal. Never order your own; lenders will not accept it.

  8. Third-party reports and underwriting

    Environmental assessment, property condition report, title, and survey as the lender requires, while their underwriters work through the file.

  9. Closing

    Day 30 to 90

    Loan documents are signed, the old loan is paid off, and funds are wired. We stay on the file until the money moves.

The most common cause of delay is paperwork arriving late. Our refinance document checklist shows what to gather before day zero.

The tools we use, free for you to use.

Calculators and templates for owners and borrowers. No sign-up, no email gate. Run your numbers before you ever speak to us.

Quick check: payment and coverage

Example figures. Change any of them.

$
%
yrs
$
Income after operating expenses, before debt payments.
Monthly payment–
Annual debt service
–
DSCR
–

Estimates only. Not a loan offer.Open the full calculators
Multifamily rent rollUnit-by-unit roll with occupancy, market versus in-place rent, and totals that calculate themselves.Template, Excel MixedUse rent rollResidential units and commercial suites on one sheet, with lease dates and rent per square foot.Template, Excel Trailing-12 operating statementTwelve months of income and expenses laid out the way a lender's underwriter reads them.Template, Excel Refinance document checklistEverything a lender will ask for, so nothing holds up your closing.Checklist Index rate boardTreasuries, SOFR, and Prime, updated each business day, with what each one prices.Live data Plain-English glossaryDSCR, debt yield, LTV, defeasance, recourse: the terms on your term sheet, explained.Reference

Tell us about the property. We answer in 48 hours.

A few details are enough to start. We will come back with whether the refinance works, at roughly what size, and what happens next.

  • No upfront fees.
  • A feasibility answer within 48 hours.
  • Refinance, acquisition, and construction loans on every major property type.
About you
The property
The loan
$
% LTV

A feasibility answer is our assessment, not a lender's commitment to lend. We do not finance single-family homes or residential properties with fewer than five units.