The best commercial real estate (CRE) loan will look different for every business owner, depending on factors like property type, loan size, and overall financial goals. Still, top lenders tend to share a few key traits, such as competitive rates, flexible terms, multiple financing options, and clear qualification standards.
I’ve researched a wide range of CRE lenders and narrowed the list down to my top seven picks. Each one offers strong financing programs that can work well for different business needs and property types.
Here are the best commercial real estate loans:
Provider | Best for | Max. loan amount |
|---|---|---|
Multiple loan options | $5 million | |
Flexible loan terms | $20 million | |
CRE or SBA loan options | Varies | |
Low credit scores | $20 million | |
Short-term SBA 7(a) funding | $10 million | |
Experienced real estate investors | Varies | |
Short-term loans | $10 million |
When choosing the best commercial real estate lenders, I focused on options that balance competitive pricing with flexibility and reliability. Here are the main factors I considered:
- Interest rates: I compared average starting rates and looked for lenders that clearly outline their pricing structure and offer competitive terms. Check out our guide on what impacts CRE rates for more information.
- Loan amounts and terms: I prioritized lenders that accommodate both smaller projects and large-scale developments, with flexible repayment timelines.
- Qualification requirements: Some lenders cater to seasoned investors, while others work with newer or smaller businesses. I included a mix of both to fit a range of borrower profiles.
- Down payment requirements: I reviewed how much each lender expects you to contribute upfront and gave preference to those with reasonable or flexible requirements.
- Ease of application: Applying for CRE financing can be complex, so I looked for lenders that simplify the process through online applications or dedicated support teams.
- Funding speed: I considered how long it typically takes to get from application to closing, favoring lenders known for efficient underwriting and clear communication.
- Customer reviews: Finally, I reviewed customer feedback to get a sense of real-world experiences with each lender’s service, transparency, and overall borrower satisfaction.
My knowledge spans five years as a financial professional, working in various roles within the banking industry.
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Best commercial real estate loans at a glance
Est. starting rates | Max. loan amount | Max. loan term | Required time in business | Required credit score | |
|---|---|---|---|---|---|
Varies | $5 million | 25 years | 2 years | 650 | |
6.50% | $20 million | 30 years | None | Varies | |
Not stated | Varies | 25 years | 2 years | 700 | |
6% | $20 million | 5 years | 2 years | 500 | |
Prime + 2.5% | $10 million | 10 years | 2 years | 650 | |
7% and up | Varies | 25 years | 2 years | Undisclosed | |
Varies | $10 million | Varies | Varies | Varies |
Lendio: Best overall for multiple loan options
 | |
Rates & terms | |
Starting interest rate |
|
Loan amount | Up to $5 million |
Loan term |
|
Maximum LTV | 90% |
Estimated closing costs and fees | Varies based on the loan program |
Time to fund |
|
Qualifications | |
Credit score | 650 |
Time in business | 2 years |
Annual revenue | $96,000 annually for SBA loans |
Down payment | 1025% |
Why I like Lendio
Lendio stands out because it simplifies what can otherwise be a complicated and time-consuming process. Instead of applying with multiple lenders one by one, you can complete a single application and get matched with offers from a network of 75+ lenders. This makes it much easier to compare rates, terms, and loan types side by side without a lot of extra work.
I also like that Lendio supports a wide range of financing options, including both traditional CRE loans and SBA programs. That flexibility is especially useful if you’re not entirely sure which loan structure fits your situation, since you can explore multiple options at once.
Another advantage is accessibility. While Lendio lists general qualification requirements, there’s often some flexibility depending on the lender match. Borrowers who fall short in one area may still be able to qualify through one of its partners.
The application is quick, free, and won’t impact your credit score upfront, which lowers the barrier to getting started. If you want guidance, you can also connect with a representative to walk through your options before moving forward.
RCN Capital: Best for flexible loan terms
 | |
Rates & terms | |
Starting interest rate | Varies depending on the loan program |
Loan amount | $50,000 to $20 million |
Loan term | Up to 30 years |
Maximum LTV | 65% to 90% |
Estimated closing costs and fees | 1% to 4% of the loan amount |
Time to fund | 10 + days |
Qualifications | |
Credit score | 650 to 680, depending on the loan program |
Time in business | None |
Annual revenue | Varies |
DSCR | As low as 1.20x, but may vary |
Why I like RCN Capital
RCN Capital stands out for its combination of competitive starting rates and flexible loan structures, which is why it’s my top pick for borrowers who want more control over their loan terms. It focuses on business-purpose lending, so loans must be backed by non-owner-occupied or commercial properties and issued to a business entity.
The provider offers several different types of loans depending on your needs, including the following:
- Fix and flip loans
- Long-term rental loans
- Multifamily loans
- New construction loans
- Investor rental portfolio loans
Depending on the loan program you choose, options may also be available for purchases, rate and term refinances, and cash-out refinances. Rates, requirements, and terms will vary by loan program, so it’s important to determine which option best fits your investment strategy before applying.
Another advantage is its fee structure. RCN typically does not charge upfront lender fees during preapproval or approval, although you may still be responsible for third-party costs like appraisals, environmental reports, or feasibility studies.
If you’re interested in applying, you can visit the RCN Capital website to complete an online application.
U.S. Bank: Best for CRE or SBA loan options
 | |
Rates & terms | |
Starting interest rate | Not stated |
Loan amount |
|
Loan term | Up to 25 years (varies by loan type) |
Maximum LTV | 80% to 90% |
Estimated closing costs and fees | 2% to 4% of the loan amount |
Time to fund | 30 to 45 days (Up to 90 days for SBA loans) |
Qualifications | |
Credit score | 700 recommended |
Time in business | 2 years recommended |
Annual revenue | None |
DSCR | 1.25x recommended |
Why I like U.S. Bank
U.S. Bank stands out for offering both conventional commercial real estate loans and SBA financing, making it a strong option if you want to compare multiple loan structures with a single lender. This flexibility can be especially useful if you’re weighing lower down payments through SBA programs against more traditional CRE financing.
That said, U.S. Bank tends to have stricter qualification requirements than many alternative lenders. Strong credit, consistent cash flow, and solid financials will typically be needed to qualify.
While you can review general program details online, specific rates and eligibility requirements usually require speaking with a banker. Some flexibility may be available in underwriting depending on the loan program, so it can still be worth applying even if you don’t meet every recommended benchmark.
U.S. Bank is also an SBA Preferred Lender, which allows it to make final credit decisions without additional SBA review. This can help streamline the approval process compared with non-preferred lenders.
To get started, you’ll typically need to schedule an appointment or request a call, as most CRE and SBA loan applications are handled directly through a lending specialist.
1West: Best for low credit scores
 | |
Rates & terms | |
Starting interest rate | 6% |
Loan amount | $100,000 to $20 million |
Loan term | 6 months to 5 years |
Maximum LTV | 80% |
Estimated closing costs and fees | not stated |
Time to fund | 2 to 3 weeks |
Qualifications | |
Credit score | 500 |
Time in business | 2 years |
Annual revenue | Varies |
DSCR | Not stated |
Why I like 1West
Like Lendio, 1West operates as a loan marketplace, connecting borrowers with a network of more than 50 lenders. It stands out for having some of the most flexible credit requirements in this guide, making it a strong option if your credit isn’t perfect.
1West offers commercial real estate (CRE) loans nationwide for purchasing, renovating, or expanding new or existing properties. It frequently works with a wide range of property types, including offices, retail spaces, hotels, and apartment buildings. Eligible borrowers include partnerships, developers, trusts, corporations, and real estate investment trusts (REITs).
Another advantage is accessibility. There’s no minimum gross sales requirement to qualify, which can make it easier to get approved compared with more traditional lenders. Loans can also be structured in either a first or second lien position, and interest-only payment options may be available if you’re looking to keep monthly payments lower.
If you’re interested in learning more or getting started, you can apply directly through the 1West website.
SBG Funding: Best for short-term SBA 7(a) funding
 | |
Rates & terms | |
Starting interest rate | Prime + 2.5% |
Loan amount | Up to $10 million |
Loan term | 2 to 10 years |
Maximum LTV | 90% |
Estimated closing costs and fees | Not stated |
Time to fund | Up to 3 months |
Qualifications | |
Credit score | 680 |
Time in business | 2 years |
Annual revenue | $250,000 |
DSCR | Not stated |
Why I like SBG Funding
SBG Funding stands out for offering SBA 7(a) loans with more flexible structures than some traditional SBA lenders, making it a strong option if you’re looking for financing without committing to a fully long-term setup.
Another key benefit is prepayment flexibility. Depending on the loan structure, you may be able to pay off your loan early or refinance without incurring significant penalties, which can be especially valuable if your financing needs change over time.
SBG Funding’s SBA 7(a) loans are also highly versatile. In addition to commercial real estate purchases, funds can be used for working capital, debt refinancing, or inventory expansion. While qualification requirements follow SBA guidelines, approval is more likely if your business demonstrates strong cash flow, low existing debt, and consistent profitability.
If you’re interested in applying, the online process takes just a few minutes. You can also connect with a Relationship Manager if you want guidance or have questions throughout the process.
JPMorgan Chase: Best for experienced real estate investors
 | |
Rates & terms | |
Starting interest rate | Estimated 7% and up |
Loan amount | $50,000 to at least $25 million |
Loan term | Up to 25 years |
Maximum LTV | 90% |
Estimated closing costs and fees | Not stated |
Time to fund | 30 to 45 days |
Qualifications | |
Credit score | Undisclosed |
Time in business | 2 years recommended |
Annual revenue | Varies |
DSCR | 1.25Ă— recommended |
Why I like JPMorgan Chase
JPMorgan Chase offers several commercial real estate financing options designed for different borrower types. Its Commercial Term Lending division focuses on multifamily and other stabilized commercial properties, while Chase for Business also offers conventional and SBA commercial real estate financing for small businesses. Because of its broader real estate platform and more demanding borrower profile, I think it is best suited for experienced investors and established businesses.
Its main financing options include the following:
- Multifamily lending: Loans from $500,000 to $25 million+ for the purchase or refinance of stabilized apartment buildings with five or more units.
- Commercial mortgage lending: Loans from $1 million to $15 million+ for the purchase or refinance of stabilized industrial, office, retail, and mixed-use properties.
- Commercial real estate financing for small businesses: Conventional and SBA financing starting at $50,000 for the purchase, renovation, or refinance of owner-occupied commercial properties.
One drawback is that availability can be more limited depending on the program. JPMorgan Chase states that its Commercial Term Lending business operates in 13 major U.S. markets, so it may not be an option for every borrower nationwide. For small-business commercial real estate financing, borrowers are typically directed to apply in person with a specialist or visit a local branch.
If you’re interested in learning more or getting started, you can explore the program through the JPMorgan Chase or Chase for Business website.
Lima One Capital: Best for short-term loans
 | |
Rates & terms | |
Starting interest rate | Varies by loan program |
Loan amount | Up to $25 million |
Loan term | Varies |
Maximum LTV | 80% |
Estimated closing costs and fees | Undisclosed |
Time to fund | 1 to 3 weeks |
Qualifications | |
Credit score | Varies based on the loan program |
Time in business | Varies based on the loan program |
Annual revenue | Varies based on the loan program |
DSCR | 1.25Ă— recommended |
Why I like Lima One Capital
Lima One Capital stands out for its range of short-term financing options designed for real estate investors. Because many of its loan programs are built around transitional projects rather than long-term owner-occupied financing, it is a strong fit if you need flexible funding for acquisitions, renovations, or construction.
Its four main programs include the following:
- Fix and flip: Designed for investors planning to renovate a property and either sell it for a profit or transition it into a long-term rental.
- Bridge: Intended for borrowers who need to close quickly or secure short-term financing while working toward a longer-term exit strategy.
- Construction: Includes both ground-up construction financing and build-to-rent options that pair an initial construction phase with longer-term rental financing.
- Rental: Available for single-family rentals, short-term rentals, and larger rental portfolios.
Another advantage is the flexibility offered across its programs. Depending on the loan type, borrowers may have access to features such as flexible prepayment structures, possible waivers of personal income documentation, and origination fee discounts or deferrals.
Since rates, terms, and qualification requirements vary by program, it’s worth speaking with a lending specialist to determine which option best fits your investment strategy.
If you’re interested in learning more or applying, you can visit the Lima One Capital website.
Choosing the best commercial real estate lender
When choosing the best commercial real estate lender, you’ll want to consider a few factors to ensure you work with one that fits your budget and business needs. Keep the following in mind when shopping around for a lender:
- Consider your investment type. Depending on the needs of your real estate investment, be sure to consider what type of commercial real estate loan program is best suited to the property, whether it be a multifamily loan, a bridge loan, or other various commercial real estate loan types.
- Review lender qualification requirements. Lenders will have varying qualification criteria to be considered for approval. Generally, factors such as credit score, time in business, and annual revenue will be taken into account when evaluating an application. Before applying, ensure you meet the minimum qualifications for better odds of approval.
- Compare loan costs and terms. When shopping around for a lender, you’ll want to compare various loan offerings and what they provide in regard to rates and terms. Depending on your budget, you’ll want to work with a lender that meets your needs and review any associated costs, including the down payment and repayment expectations.
Alternatives to a commercial real estate loan
For borrowers unable to obtain a traditional CRE loan, there are other options to help finance a CRE investment. If you don’t meet the necessary criteria or are simply exploring all of your financing options, consider the following alternatives:
- Hard money loans: Hard money loans can provide short-term financing solutions that typically require repayment within two to three years. This can allow you to acquire a property now and give you time to improve your business finances or credit to replace it with a permanent source of financing in the future. Check out our guide on the best hard money lenders to learn more or find a provider.
- Loans from friends and family: For those with limited resources or credit history, borrowing funds from friends and family can be a good option for businesses wanting to negotiate the terms of a loan in a less formal way. Read our article on how to raise money from friends and family to learn more about using this method to obtain funding.
- Rollover for business startups (ROBS): A ROBS isn’t a loan but instead a way to access your retirement accounts tax and penalty-free. You’ll typically need a minimum investment of $50,000, and I recommend referencing our guide on the best ROBS providers to help you through the process to avoid compliance issues, fines, or penalties.
Before you apply for financing, see our guide on how to get a small business loan. It also includes tips on what to expect after applying.
Frequently asked questions (FAQs)
Qualification requirements will vary by loan type and lender. CRE loans also usually require more documentation than other business loans. Expect lenders to review your credit history, business financials, tax returns, leases or a rent roll if applicable, liquidity, and the property’s income.
Rates can range from around 4% to 11%, depending on your financing needs. This will depend on the type of CRE loan you’re getting, the lender you decide to work with, and your own business qualifications.
Depending on the type of loan, most commercial real estate loans can range anywhere from a few months to many years. For short-term investments, this can range anywhere from 12 to 36 months. For long-term investments, repayment terms generally run 10 to 30 years.
Bottom line
The best commercial real estate lenders should provide loan offerings applicable to your real estate investment needs, inclusive of favorable rates and terms and flexible qualification requirements. The CRE lenders I’ve selected offer a wide range of loan types, so be sure to shop around and consider all of your financing options before making a decision.