Rate Commentary

Commercial Loan Rates Today (March 2026) — What Borrowers Need to Know

By Trevor Damyan March 15, 2026

If you are looking for commercial loan rates today, you are not alone. Rate inquiries are the single most common question we receive at CLS CRE. This guide provides a comprehensive look at where commercial real estate interest rates stand in March 2026.

Commercial Loan Rates Today: March 2026 Snapshot

Permanent Loans: 5.50%-7.00% fixed. Agency Multifamily: 5.25%-6.00%. Life Company: 5.50%-6.25%. CMBS: 6.00%-7.25%. Bridge: 8.00%-11.00%. Construction: 7.00%-10.00%. SBA 504: 5.00%-6.50% blended. DSCR: 6.50%-9.00%. Hard Money: 10.00%-14.00%.

Macroeconomic Forces

The 10-Year Treasury trades at 4.00%-4.35%. SOFR at 3.80%. Fed funds rate stable after three cuts in late 2025. Core inflation at 2.2%.

Rates by Property Type

Multifamily: most competitive. Industrial: close second. Retail: bifurcated. Office: most challenged sector.

How to Get the Best Rate

Shop the full capital market. Present institutional-quality packages. Optimize DSCR and LTV. Consider rate locks. Think total cost of capital.

FAQ

Frequently Asked Questions

Permanent: 5.50%-7.00%, bridge: 8.00%-11.00%, construction: 7.00%-10.00%, SBA 504: 5.00%-6.50% blended, DSCR: 6.50%-9.00%.

Driven by the 10-Year Treasury (fixed-rate) or SOFR (floating-rate), plus a spread based on property type, location, LTV, DSCR, and borrower profile.

Rates have compressed from 2024 peaks and are expected stable to slightly declining through 2026.

Work with a broker, present quality packages, optimize DSCR/LTV, consider rate locks, and be flexible on structure.

Consider locking at application if closing exceeds 45 days. Many lenders offer 45-60 day locks at no cost.

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Commercial Loan Rates Today (March 2026) — What Borrowers Need to Know

Commercial Loan Rates Today: March 2026 Snapshot

Macroeconomic Forces

Rates by Property Type

How to Get the Best Rate

Frequently Asked Questions

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