Current Rates (As of Feb. 17th, 2023)
These rates are subject to change daily. Commercial Interest Rates are based on the borrower's financial strength, the cash flow of the project/property, the collateral, and the down payment. The Residential Rates are based on credit score, LTV (Loan to Value)/LTC (Loan to Cost), # of units, and other criteria.
| Product | Term | Amortization | Rates |
|---|---|---|---|
| Commercial Financing | 5, 7, 10, 15, 20 Years Fixed | 20-25 Years | 5.75% to 7.00% |
| Investor Residential | 30 Years Fixed | 7.00% to 8.99% | 7.00% to 8.99% |
| Agency Financing | 10 Years Fixed | 30 Years | 5.10% to 5.75% |
| Private Lender Commercial | 10 Years Fixed | 30 Years | 6.99% to 9.99% |
Commercial Real Estate Financing (Banks/Credit Unions)
We work with many banks throughout the Florida market and here is the range we're seeing:
Amortization: 20- 25 years (Up to 30 yrs. with a few lenders for Multifamily)
Term: 5-25 years
Fixed Rates: Lender are fixing rates for 5, 7, 10, 15, and 20 yrs.
Rate Ranges: 5.75% to 7.00%, our clients are seeing rates of 6.50% or less for 5 yr. fixed.
Loan Fees: .25% to 1%, most of our clients are seeing .50% or less on the bank's loan fee.
Investor Residential (For 1-8 Unit Short/Long Term & Mixed Use properties)
This program allows you to put the loan in the LLC name or entity name and the individual borrower will be considered a Guarantor rather than a Borrower. For this program, the lender is focused on the subject property's cash flow and does not typically ask for any personal income verification. The lender does pull credit on the guarantors and they typically do a background check. These programs usually offer a 30 year fixed rate and our client's typically put 25% to 30% down in order to keep the rates down. These programs also offer Interest Only for the initial 10 years for a slightly higher rate which can help improve the cash flow in the early years. These loans typically carry a prepayment penalty for a period of time which is negotiable but it does affect the rates. These loans typically require that you escrow for taxes and insurance.
Rates: Typically in the 7's and 8's depending on credit score, down payment, property cash flow, and prepayment penalty option chosen. Please email me with a scenario and we'll get it priced for you.
Agency Financing (For Multifamily)
We are in the process of getting updated rates. This program usually offers at 30 yr. amortization with up to a 10 yr. fixed rate. These rate have been running in the lower 5's.
Private Lender Commercial
We are in the process of getting updated rates. These rates have been running in the 6's and 7's for a 10 yr. fixed with a 30 yr. amortization. These loans typically have a prepayment penalty.