Loan programs / Real estate
Commercial Real Estate Loans
Purchase and refinance financing for income-producing and owner-occupied property, from banks, credit unions, life companies and private lenders.
Property types
Multifamily, retail, office, industrial, mixed use and more
Leverage
Often up to 75–80% of value, depending on property and lender
Terms
Typically 5 to 25 years, fixed or variable
Qualifying
Driven mainly by the property’s income and your experience
Who it’s for
A good fit if you are…
- Investors buying or refinancing stabilized income property
- Owner-operators buying their own building
- Owners pulling cash out of property they already own
- Borrowers who need more than one lender’s view to get the best terms
Common uses
What the funds can cover
- Property purchase
- Rate-and-term refinance
- Cash-out refinance
- Portfolio and blanket loans
Figures above are typical ranges, not quotes. Your actual terms depend on the lender and your business.
What to expect
How it works with Benchmark
- Deal review. We look at the property’s income, value and your goals, and estimate debt service coverage and leverage.
- Lender match. We present the deal to the lenders whose property types and markets fit.
- Third-party reports. The lender orders the appraisal, environmental review and title work.
- Closing. We coordinate with the lender, title company and your attorney through funding.
Documents
What you’ll typically need
Your advisor will send a checklist tailored to your request and a secure upload link. Please don’t email tax returns or IDs.
- Purchase and sale agreement, or current mortgage statement for refinances
- Current rent roll
- Trailing 12-month operating statement
- Copies of leases
- Schedule of real estate owned
- Personal financial statement for each guarantor
- Business and personal tax returns, last 3 years
- Insurance declarations and property tax bill
Questions
Common questions
What is debt service coverage?
It compares the property’s net operating income to the annual loan payments. Many lenders look for at least 1.20x to 1.25x, meaning income covers the payments with a cushion.
Is the loan recourse?
It depends on the lender and the deal. Banks usually require a personal guarantee. Some larger or lower-leverage loans can be non-recourse, apart from standard exceptions for things like fraud.
Do you finance owner-occupied buildings too?
Yes. If your business occupies the property, SBA 504 or 7(a) may offer a lower down payment, and we’ll compare those options as well.
Next step
See if Commercial Real Estate is the right fit
One short application. An advisor will review it, recommend the best program, even if it isn’t this one, and walk you through what comes next.
Benchmark Commercial Lending arranges commercial financing through a network of third-party lenders and funders and may also lend directly. All financing is subject to approval. Rates, terms, amounts and requirements vary by program, provider and borrower qualifications and can change. Program details on this page are general information, not an offer or commitment to lend. Financing is for business purposes only.