Life Insurance Company Commercial Loans | CLS CRE 

Life Insurance Company Commercial Real Estate Loans

Life insurance company loans deliver the most competitive rates available in commercial real estate for institutional-quality stabilized assets. Life companies prioritize long-term matched-asset investments, so they reward borrowers with premium properties, strong sponsors, and conservative leverage by offering the tightest spreads over treasuries in the market.

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Life Company Loans at a Glance

Loan Amount
$3M to $100M+
Term
7 to 25 Years
Rates
5.00% to 6.50%
Ltv
Up to 65% LTV
Amortization
25 to 30 Years
Recourse
Non-Recourse Standard

Life Insurance Company Commercial Real Estate Financing

Life insurance companies fund commercial mortgages directly from their general accounts, which means they can offer fixed-rate terms up to 25 years (and occasionally 30 years), prepayment flexibility other capital sources cannot, and non-recourse structures with minimal carve-outs. The tradeoff is more conservative underwriting: life companies typically cap leverage at 60 to 70% and focus on institutional-quality assets in primary and strong secondary markets. Commercial Lending Solutions has direct allocation relationships with the largest life company lenders and knows which desks have open appetite at any given moment.

Lender Sources

  • Top-Tier Life Insurance Companies
  • Mutual Life Companies
  • Mid-Sized Life Insurance Lenders
  • Correspondent Life Company Programs

Ideal For

  • Class A office and industrial in primary markets
  • Institutional-quality multifamily portfolios
  • Anchored retail with credit tenants
  • Net lease properties with investment-grade guarantors
  • Long-term hold strategies
  • Borrowers prioritizing rate over leverage

Life Company Loans FAQ

A life insurance company loan is a commercial mortgage funded directly from a life insurer's general account. Life companies hold these loans as long-duration fixed-income investments, which allows them to offer the most competitive fixed rates and the longest terms available in the private commercial mortgage market.
Life companies favor institutional-quality stabilized assets including Class A office, industrial, anchored retail, multifamily, and premium net lease. They generally prefer primary and strong secondary markets, low leverage, and strong sponsorship. Properties with complex stories are usually a better fit for CMBS or banks.
Life insurance company rates typically range from 5.00% to 6.50% for stabilized assets, making them the tightest-priced option in the private commercial mortgage market. Rates are quoted as a spread over the matching-term treasury and are generally the lowest available for borrowers who fit the box.
Life companies typically cap leverage at 60% to 65% LTV, occasionally reaching 70% for exceptional deals. The low leverage is a deliberate tradeoff for the tight pricing, long term, and prepayment flexibility that life companies offer.
Life company loans are generally assumable subject to lender approval of the new borrower and a customary assumption fee. Assumability is an important long-term feature because it preserves the benefit of a low fixed rate in a sale.
Life company financing is typically accessed through a commercial mortgage broker with direct allocation relationships. Commercial Lending Solutions works directly with the largest life insurance company lenders and knows which desks have open appetite for specific property types, loan sizes, and markets at any given moment.


Ready to Get Life Company Financing?

Contact Commercial Lending Solutions for a free, no-obligation quote on life company loans. We respond within 24 hours.

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Or call us: 310.708.0690

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