Permanent financing in Myrtle Beach benefits from strong agency execution on multifamily and competitive life company pricing on industrial. Stabilized assets with strong cash flow command spreads near the tight end of national ranges.

When to Use Permanent Loans in Myrtle Beach

Myrtle Beach's commercial real estate market, driven by government, healthcare, education, manufacturing, logistics, creates specific scenarios where permanent loans are the optimal financing choice:

  • Stabilized multifamily apartments
  • Industrial warehouses and distribution centers
  • Anchored retail shopping centers
  • Net lease properties with credit tenants
  • Office buildings with strong occupancy
  • Mixed-use assets with proven cash flow

In the Myrtle Beach metro, permanent loans are particularly relevant given the market's 3.2% rent growth and 1.6% job growth, which support conservative underwriting with strong debt service coverage.

Current Permanent Loan Rates in Myrtle Beach

As of 2026, permanent loans in the Myrtle Beach market are pricing at the following levels:

  • Rate Range: 5.34% - 8.25%
  • Loan Amount: $1M - $100M+
  • Term: 5 - 25 Years
  • Maximum LTV: Up to 75% LTV
  • Amortization: 25 - 30 Years
  • Recourse: Non-Recourse Available

Rates in Myrtle Beach may vary from national averages based on local market conditions, property type, and sponsor experience. The Myrtle Beach market's 5.50%-6.25% multifamily cap rates and 5.25%-6.00% industrial cap rates influence lender pricing as they underwrite to specific debt yield and coverage targets.

Qualification Requirements

Qualifying for permanent loans in Myrtle Beach requires demonstrating both borrower strength and property fundamentals. Key requirements include:

  • Borrower Experience: Lenders evaluate your track record with similar assets in Myrtle Beach or comparable markets
  • Net Worth & Liquidity: Most lenders require net worth equal to the loan amount and 6-12 months of debt service in liquid reserves
  • Property Performance: Stabilized occupancy of 90%+ with a minimum DSCR of 1.20x-1.25x
  • Market Position: Asset location within Myrtle Beach's strongest submarkets, including Downtown Myrtle Beach, Surfside Beach, Murrells Inlet, Pawleys Island

Capital Sources for Permanent Loans in Myrtle Beach

The Myrtle Beach market offers access to a diverse set of capital sources for permanent loans:

  • Banks
  • Credit Unions
  • Life Insurance Companies
  • CMBS Conduits
  • Fannie Mae / Freddie Mac
  • Debt Funds

Each capital source has distinct appetites for property types, leverage levels, and borrower profiles. Working with a commercial mortgage broker who maintains relationships across all these capital sources ensures you're seeing the most competitive terms available in Myrtle Beach.

Exit Strategy Considerations

Permanent loans in Myrtle Beach are designed for long-term hold strategies, but borrowers should consider prepayment provisions carefully. Common structures include yield maintenance, defeasance, and declining prepayment penalties. The right prepayment structure depends on your expected hold period and the likelihood of refinancing or selling before maturity.

With Myrtle Beach's 3.2% rent growth, properties financed with permanent loans should see improving cash flow over the hold period, supporting both debt service and equity returns.

Myrtle Beach Market Context

Myrtle Beach is one of the fastest-growing metros on the Eastern Seaboard, driven by retiree migration, tourism infrastructure, and an expanding year-round residential base. The market offers compelling retail and hospitality investment opportunities alongside strong multifamily demand from new permanent residents.

Understanding the local market dynamics is critical for structuring the right financing. The Myrtle Beach metro's key commercial neighborhoods include Downtown Myrtle Beach, Surfside Beach, Murrells Inlet, Pawleys Island, Conway, Socastee, North Myrtle Beach, Loris, Horry County, Carolina Forest, Market Common, Grand Strand, each with distinct property characteristics and tenant demand profiles.

Get a Permanent Loan Quote for Myrtle Beach

CLS CRE provides permanent loans throughout the Myrtle Beach metro area, with access to 1,000+ lenders competing for your deal. Our market expertise in Myrtle Beach commercial real estate helps you navigate the lending landscape and secure the most competitive terms available.

Related resources: