Commercial Mortgage Loans in Chicago

Chicago commercial mortgage broker. Intermodal logistics, institutional multifamily, Loop office, and adaptive reuse financing from $1M to $100M+.

Get a Free Quote → Call 310.708.0690
No upfront fees. Response within 24 hours. Nationwide coverage.
$1B+Loans Closed
1,000+Lender Network
$1M-$100M+Loan Amounts
50 StatesNationwide Coverage

Chicago Commercial Real Estate Financing

Chicago is the third-largest U.S. metro and one of the most institutional commercial real estate markets in the country, anchored by the nation's largest inland intermodal logistics hub, a deep financial services sector, and one of the most liquid multifamily markets in the Midwest. Office-to-residential conversion in the Loop has emerged as a major bridge and construction lending category, creating unique value-add opportunities for experienced sponsors.

Commercial Lending Solutions brings institutional-level financing to the Chicago market through a network of over 1,000 capital sources. Whether you are acquiring institutional multifamily in Streeterville, building an intermodal distribution center in Joliet, or repositioning a Loop office building through adaptive reuse, we create competition among lenders for your deal and deliver better rates, higher leverage, and more flexible terms.

Chicago Market Highlights

  • Intermodal logistics hub: Largest inland intermodal market in the United States, served by six Class I railroads and major highway corridors through Joliet and Will County
  • Institutional multifamily: Chicago's multifamily market is one of the deepest in the country, with institutional buyers, agency lenders, and life companies highly active
  • Financial services anchor: Home to CME Group, CBOE, major banks, and one of the largest concentrations of private equity in the country, supporting Class A office
  • Adaptive reuse: Loop office-to-residential conversions are one of the most active bridge and construction lending categories in the country
  • Value relative to coasts: High-quality multifamily and office at attractive cap rates compared to gateway markets, drawing institutional capital from across the country

Key Chicago Submarkets We Finance

  • The Loop / River North, Class A office, hospitality, mixed-use, adaptive reuse
  • West Loop / Fulton Market, creative office, multifamily, experiential retail
  • Streeterville / Gold Coast, institutional multifamily, medical office, luxury retail
  • Lincoln Park / Lakeview, multifamily, retail, neighborhood mixed-use
  • Joliet / Will County / I-80 corridor, intermodal industrial, warehouse, distribution
  • O'Hare industrial corridor, airport-adjacent distribution, cold storage
  • South Loop / McCormick Place, hospitality, multifamily, mixed-use
  • Schaumburg / Oak Brook / suburban corporate, corporate office, multifamily, retail

Loan Programs

Permanent Loans

5.50%, 7.50% | 5-30 yr terms

Long-term fixed and adjustable-rate financing for stabilized Chicago properties. Agency, CMBS, bank, life company, and credit union execution.

Bridge Loans

8.00%, 11.00% | 12-36 months

Short-term financing for Chicago acquisitions, value-add multifamily, and lease-up properties. Close in as little as 2-4 weeks.

Construction Loans

7.00%, 10.00% | 12-36 months

Ground-up construction for multifamily, industrial, and mixed-use projects across the Metroplex.

SBA 504 / 7(a)

5.75%, 6.75% | 25 yr terms

Owner-occupied commercial properties in Chicago. As little as 10% down with below-market fixed rates for qualifying businesses.

Mezzanine / Pref Equity

10%, 15% | Custom terms

Subordinate financing to reduce equity requirements on larger Chicago transactions. Bridge the gap between senior debt and your equity.

CMBS Loans

5.75%, 7.25% | 5-10 yr terms

Non-recourse conduit financing for larger Chicago commercial properties. Competitive fixed rates with higher leverage.

Property Types We Finance in Chicago

Multifamily
Industrial
Retail
Office
Mixed-Use
Hospitality
Self-Storage
Medical Office
Data Centers
Mobile Home Parks

How It Works

1

Tell Us About Your Chicago Deal

Fill out the form or call us with your property details, loan amount, and timeline. We respond within 24 hours.

2

We Shop Your Deal

We present your deal to lenders active in the Chicago market and collect competing term sheets. You review and select the best option.

3

We Close Your Loan

We manage the full process, underwriting, appraisal, legal, title, and coordinate everything through funding.

The Commercial Lending Solutions Advantage

  • Access to 1,000+ lenders, banks, credit unions, life companies, CMBS, debt funds, and private lenders
  • Active lender relationships in the Chicago and across Illinois
  • One application, multiple competing term sheets
  • No upfront fees, we only get paid when your loan closes
  • Institutional-level execution with personal, one-on-one service
  • Deep expertise across all major commercial property types and loan programs
  • Over $1 billion in commercial loans closed nationwide
Prefer to talk? Call or text the broker directly.
310.708.0690 Text 310.758.3064
Trevor Damyan · Mon-Fri 9am-5pm PT

Get Your Chicago Commercial Loan Quote

Fill out the form below. We respond within 24 hours.

No Upfront Fees
$1B+ Loans Closed
24-Hour Response
Nationwide Coverage
DRE #02244836
FAQ

Chicago Commercial Loan Questions

We finance all major commercial property types across the Chicago market: multifamily apartments, industrial warehouses and distribution centers, retail centers, office buildings, mixed-use developments, hospitality properties, self-storage facilities, medical office, data centers, and mobile home parks. Our network of 1,000+ lenders includes many who are highly active in the Illinois market.
Absolutely. Chicago's intermodal logistics corridor, centered on Joliet and Will County with six Class I railroads, is the largest inland intermodal market in the country. Our lender network includes specialists in large-format distribution, cold storage, and truck terminal properties serving the national logistics map. We also finance the O'Hare-adjacent industrial corridor serving airport cargo and last-mile distribution.
As of early 2026, commercial mortgage rates in Chicago vary by loan type: permanent loans range from approximately 5.50% to 7.50%, bridge loans from 8% to 11%, SBA 504 loans from 5.75% to 6.75%, and construction loans from 7% to 10%. Chicago's strong fundamentals, population growth, job creation, and low vacancy, often help borrowers qualify for more competitive terms. Contact us for a rate quote specific to your deal.
Our headquarters are in Los Angeles, but we arrange commercial loans nationwide across all 50 states. Chicago is one of our most active markets. Our national lender network of 1,000+ sources includes numerous banks, life companies, and debt funds that are actively competing for Chicago deals, which means we can often secure terms that a local broker with a smaller lender roster cannot.
No. There is no upfront cost for a consultation or loan quote. Our brokerage fee is earned at closing when your loan funds, meaning our interests are aligned with yours, we don't get paid unless you get financed.

Important Loan Disclosures

Representative Example: An $8,000,000 permanent commercial mortgage at a 6.75% fixed rate with a 10-year term and 30-year amortization would have an estimated monthly principal and interest payment of approximately $51,900. Total amount repayable over the 10-year term: approximately $6,228,000 (balloon balance due at maturity). This example is for illustrative purposes only; your actual rate, payment, and terms may differ.

Rate Range: Commercial mortgage rates currently range from approximately 5.85% to 7.50%, depending on loan type, property type, leverage, borrower qualifications, and market conditions at the time of funding.

Fees: Origination fees typically range from 0.5% to 2.0% of the loan amount. Additional costs may include appraisal ($3,000-$10,000), legal fees ($5,000-$15,000), title insurance, environmental reports, and third-party inspections. All fees will be disclosed in writing before loan commitment.

Loan Terms: Commercial mortgage terms range from 5 to 30 years with 25-30 year amortization schedules. Maximum loan-to-value (LTV) up to 75% for most programs. Loans may be recourse or non-recourse depending on the program and lender. Prepayment penalties may apply.

Risks: Commercial real estate loans carry inherent risks including but not limited to: property value decline, interest rate changes, inability to refinance at maturity, tenant vacancy, and potential loss of invested equity or the property itself. Borrowers should consult with qualified financial, legal, and tax advisors before committing to any loan.

Broker Disclosure: Commercial Lending Solutions (Commercial Lending Solutions) is a commercial mortgage brokerage, California DRE License #02244836. Commercial Lending Solutions does not make loans directly. All loans are originated and funded by third-party lenders. Commercial Lending Solutions receives compensation from the borrower, the lender, or both upon successful loan closing. Commercial Lending Solutions is not affiliated with or endorsed by any specific lender.

Let's Finance Your Chicago Deal

Get a commercial loan quote in 24 hours. Call us at 310.708.0690 or fill out the form above.

Call Now → Get a Quote → Schedule a Meeting →