Permanent Financing

Permanent Commercial Real Estate Loans

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.

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Key Features

Permanent Loans at a Glance

Loan Amount

$500K - $100M+

Term

5 - 25 Years

Rates

5.34% - 8.25%

Ltv

Up to 75% LTV

Amortization

25 - 30 Years

Recourse

Non-Recourse Available

Overview

Long-Term Permanent Commercial Mortgage Financing

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.

Lender Sources

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

Ideal For

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

Track Record

Permanent Loans Transactions

A selection of permanent loans we have closed across the country.

Permanent

$75,000,000

Industrial Warehouse

Phoenix, AZ

Major distribution center refinancing in the Phoenix metro's prime industrial corridor, one of the fastest-growing logistics hubs in the Southwest.

Industrial Food Processing - San Antonio, TX

Permanent

$45,000,000

Industrial Food Processing

San Antonio, TX

Long-term financing for a specialized food processing and cold chain facility serving the South Texas distribution market.

Permanent

$42,000,000

Industrial Cold Storage

Houston, TX

Permanent financing for a temperature-controlled distribution hub serving the Gulf Coast supply chain network.

Permanent

$36,400,000

Multifamily Mobile Homes

San Jose, CA

Manufactured housing community portfolio refinancing in one of the nation's tightest and most expensive housing markets.

Industrial Distribution - Los Angeles, CA

Permanent

$34,000,000

Industrial Distribution

Los Angeles, CA

Acquisition financing for a Class A distribution facility in the Los Angeles industrial core with long-term credit tenancy.

Permanent

$32,000,000

Retail Shopping Center

Sacramento, CA

Stabilized retail center anchored by national tenants in Northern California's growing capital region.

Permanent Loans by City

Related Property Types

Permanent Loans are available for all major commercial property types. Explore financing by property category.

Related Insights

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Bridge Loans vs. Permanent Loans: Which Is Right for Your Deal?

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Permanent Loans in Boston: What Borrowers Need to Know

Everything you need to know about permanent loans in Boston, including current rates, qualification requirements, capital sources, and market-specific strategies for commercial real estate borrowers.

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Permanent Loans in Charlotte: What Borrowers Need to Know

Everything you need to know about permanent loans in Charlotte, including current rates, qualification requirements, capital sources, and market-specific strategies for commercial real estate borrowers.

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FAQ

Permanent Loans FAQ

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.

Ready to Get Permanent Financing?

Contact CLS CRE for a free, no-obligation quote on permanent loans. We respond within 24 hours.

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Or call us: 310.758.4042