Underwrite the opportunity
We review sponsorship, property performance, business plan, and priorities before approaching the market.
Permanent financing
Long-Term Permanent Commercial Mortgage Financing
Quick answer: Permanent loans provide long-term, fixed-rate financing for stabilized commercial real estate assets. These loans typically feature 5 to 25-year terms with competitive rates from banks, life insurance companies, CMBS conduits, and agency lenders. Ideal for cash-flowing properties with stable occupancy, permanent financing locks in predictable debt service and maximizes long-term returns.
NationwideMarket coverage
1,000+Capital relationships
$2MM+CLS engagement floor
24 hoursInitial response
When it fits
When Permanent financing fits.
As the most common form of commercial real estate financing, permanent loans serve as the backbone of investment strategy for owners seeking to hold and operate income-producing properties. Sources include traditional banks, credit unions, life insurance companies, CMBS lenders, and government-sponsored agencies like Fannie Mae and Freddie Mac for multifamily assets. Each source offers different advantages in terms of rate, leverage, flexibility, and prepayment structure.
Structure before pricing: leverage, recourse, reserves, prepayment, and closing certainty can matter as much as the headline coupon. We test those trade-offs before recommending a path.
01
Stabilized multifamily apartments
02
Industrial warehouses and distribution centers
03
Anchored retail shopping centers
04
Net lease properties with credit tenants
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Office buildings with strong occupancy
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Mixed-use assets with proven cash flow
Lender selection
How We Source Permanent Capital
We do not treat the lender list as a directory. We target the desks whose current appetite fits the asset, sponsorship, market, and business plan, then compare the full execution, not only the rate.
| Capital source | Where it may fit |
|---|---|
| Banks | Relationship-oriented capital that can offer local market knowledge and structural flexibility, with recourse often considered. |
| Credit Unions | Relationship-oriented capital that can offer local market knowledge and structural flexibility, with recourse often considered. |
| Life Insurance Companies | Long-duration fixed-rate capital for high-quality assets and experienced sponsors, generally with conservative leverage. |
| CMBS Conduits | Non-recourse execution with broad property appetite, balanced against more standardized servicing and prepayment provisions. |
| Fannie Mae / Freddie Mac | Programmatic multifamily or housing capital with defined underwriting, documentation, and eligibility requirements. |
| Debt Funds | Flexible capital for transitional, complex, leveraged, or time-sensitive executions where conventional credit boxes may not fit. |
How we work
One process. Multiple capital sources.
We position the transaction, identify the lenders most likely to compete, and compare proposals on economics and execution risk, not just headline rate.
A well-structured financing process should create real choices for the borrower, not simply deliver the first term sheet.
Target the right lender desks
The transaction is matched to lenders whose current appetite fits the property, market, and structure.
Create a comparable field
Proposals are evaluated across rate, proceeds, recourse, reserves, prepayment, and closing certainty.
Manage execution through closing
We coordinate lender diligence, third-party reports, and issue resolution until the loan funds.
Selected closings
Permanent financing in practice.
National reach
Market knowledge where the deal requires it.
We arrange permanent financing nationwide while matching each transaction to capital sources active in that market and property type.
Atlanta, GABoston, MAChicago, ILDallas, TXDenver, COHouston, TXLos Angeles, CAMiami, FLNashville, TNNew York, NYPhoenix, AZSan Diego, CASan Francisco, CASeattle, WATampa, FL
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Questions
Permanent financing, clarified.
The final structure depends on the asset, sponsorship, and market. These are the starting parameters we discuss most often.
Working out equity? Our commercial property down payment guide covers typical requirements by loan type: 20% to 30% conventional, 10% for SBA owner occupied.
A permanent commercial loan is long-term financing (5-25 years) for stabilized, income-producing commercial properties. Unlike bridge or construction loans, permanent loans feature fixed or floating rates with full amortization schedules, providing predictable debt service for property owners.
Permanent commercial loan rates typically range from 5.34% to 8.25%, depending on the lender type, property quality, borrower strength, and market conditions. Life insurance companies and agency lenders (Fannie Mae, Freddie Mac) generally offer the most competitive rates for qualifying properties.
Most permanent commercial loans offer up to 75% loan-to-value (LTV), though agency multifamily programs can go up to 80% LTV. LTV limits depend on the lender type, property type, and borrower qualifications.
Yes. Non-recourse permanent loans are available from life insurance companies, CMBS conduits, agency lenders, and select banks. Non-recourse means the borrower is not personally liable beyond standard carve-out guarantees for fraud, environmental issues, and other bad acts.
Virtually all stabilized commercial property types qualify for permanent financing, including multifamily apartments, industrial warehouses, retail shopping centers, office buildings, hospitality, self-storage, and mixed-use assets. The key requirement is stable occupancy and cash flow.
Permanent commercial loans typically close in 45-90 days from application, depending on the lender and property complexity. Bank loans may close faster (45-60 days), while life insurance company and CMBS loans typically require 60-90 days for underwriting, appraisal, and legal review.
Let's evaluate the right permanent structure.
Share the property and financing request. We will respond within 24 hours with an initial view.