Real-world Commercial Mortgage Rates from BuyerZone Buyers
- Commercial mortgage rates with more than 20% down
- Rates for commercial mortgage with 20% down or less
We regularly survey BuyerZone users to find out how much they paid for their purchases. Here's a look at the rates and additional costs they've reported on commercial mortgages.
It's important to keep in mind that there are some very significant variables that go into the lender's calculations of your mortgage rate. They include your personal credit rating, your business credit history, the type of property you're financing, and the amount you can put down.
We've grouped these responses into two groups, those with more than 20% down payments and those with 20% or less. You can see a rough trend of lower rates for those who put more down. We've also added the total loan amounts as reported by the buyers and sorted from lower to higher total amounts so you can find responses that are similar to your needs.
Commercial mortgage rates with more than 20% down
- "7.2%. No closing costs." [Value: $100,000 - $250,000]
– Wholesale, Detroit, Michigan
- "Mortgage about 6.3%. Other sources not competitive." [Value: $250,000 - $400,000]
– Real Estate, New York, New York
- "20 year commercial mortgage, 5 year adjustable at .5% over prime." [Value: $400,000 - $700,000]
– Transportation/Logistics, Doral, Florida
- "$750,000 loan at 5.6% for 54 months." [Value: $700,000 - $1,000,000]
– Real Estate, Frisco, North Carolina
- "I negotiated the rate with the note holder at 6.25% for the next five years." [Value: $1,000,000 - $2,000,000]
– Health Care, Las Vegas, Nevada
- "5.5% - 3 year fixed and 1/2 point." [Value: $1,000,000 - $2,000,000]
– Retailer, Lihue, Hawaii
Rates for commercial mortgage with 20% down or less
- "Still not sure of the interest rate as mortgage has not yet closed, but the original quote was 8% for a 15 year, .5% declining interest rate with a five year prepay penalty." [Value: $250,000 - $400,000]
– Manufacturing, Tarpon Springs, Florida
- "$455,000 loan, 20% down, 6.1% interest rate." [Value: $400,000 - $700,000]
– Construction, Ardmore, Pennsylvania
- "Interest rate 6.8% (vs 9.5% third party cost)." [Value: $400,000 - $700,000]
– Business Services, Longmont, Colorado
- "$640K purchase price, 5 year ARM, 30 year term, 5.8% rate, 80% LTV." [Value: $400,000 - $700,000]
– Real Estate, Chester, Virginia
- "7.3% mortgage rate, no money down and no closing costs." [Value: $700,000 - $1,000,000]
– Healthcare, Asheboro, North Carolina
- "80% LTV, 5.9% rate (including broker's fee). Interest only for 2 years then amortized over 30 due in 10, all lenders costs and fees not to exceed $10,000, assumable 3 times." [Value: $1,000,000 - $2,000,000]
– Retail, Marina del Rey, California
- "We got our loan at 7% to buy a 13,220 sq ft office complex for $330,000 and spend $400,000 to remodel and bring building up to code. There will be 4 business (which we own) paying rent each month to cover the mortgage, taxes and insurance." [Value: $700,000 - $1,000,000]
– Retail, Meridian, Mississippi
Want more information on obtaining commercial mortgages? Read our Commercial Mortgages Buyer's Guide.
Information was provided by BuyerZone users. Quotes have been edited for clarity only.Ready to Compare Commercial Mortgages Price Quotes?