Commercial Real Estate Loans: Permanent Financing for Income-Producing Properties
From multifamily to office, retail to industrial — PeerSense connects you with the right permanent financing for your commercial property. Agency, conventional, CMBS, and SBA 504 options available.
Agency and Non-Agency Conventional
Permanent financing for stabilized income-producing properties with competitive rates and long-term fixed structures.
Agency Programs
Freddie Mac and Fannie Mae small balance programs for multifamily, student housing, senior housing, and manufactured housing communities.
Non-Recourse Options
Non-recourse financing available on stabilized properties with strong debt service coverage ratios.
No Tax Returns
Some programs qualify borrowers based on property performance rather than personal tax returns.
Property Types
Multifamily (5+ units), student housing, senior housing, manufactured housing communities, and select mixed-use properties with residential components.
Commercial Mortgage-Backed Securities (CMBS)
10-year fixed non-recourse financing for stabilized commercial properties. Conduit lending with rate certainty and no loan size cap.
Loan Range
No maximum loan size
CMBS loans start at $1.5 million with no upper limit, making them ideal for large stabilized properties and portfolios.
Non-Recourse
No personal guarantee
CMBS loans are typically non-recourse, protecting your personal assets and other holdings from liability.
Term Length
Fixed rate structure
10-year fixed rate provides predictable payments and rate certainty for the full term of the loan.
Property Types
Income-producing
Office, retail, industrial, multifamily, hospitality, self-storage, and mixed-use properties with stable occupancy and cash flow.
Best For: Investors Who Want Rate Certainty
CMBS is ideal for investors who want predictable payments, non-recourse structures, and the certainty of a fixed rate for the full 10-year term. Good for stabilized properties with strong debt service coverage.
SBA 504 for Owner-Occupied CRE
10% down on owner-occupied commercial real estate with fixed rates and 20–25 year terms. One of the best financing options for businesses buying their own building.
10% Down Payment
Only 10% equity required for owner-occupied commercial real estate purchases, preserving capital for operations and growth.
Fixed Rate
Fixed interest rate for the life of the loan provides predictable payments and protection from rate increases.
20–25 Year Term
Long amortization period keeps monthly payments low and improves cash flow for your business operations.
Owner-Occupancy Requirement
Your business must occupy at least 51% of the building for existing structures or 60% for new construction. This program is designed for businesses buying their own facilities, not investment properties.
Learn More About SBA 504 LoansBridge to Permanent
Short-term bridge financing while your property stabilizes, then transition to permanent conventional or CMBS financing.
Bridge Phase
Short-term financing to acquire or stabilize the property. Allows you to move quickly on acquisitions or complete lease-up and renovations.
- Close in 2–4 weeks
- Interest-only payments available
- Flexible underwriting for transitional properties
Permanent Phase
Once the property is stabilized with occupancy and cash flow, refinance into permanent financing with lower rates and longer terms.
- Fixed rate conventional or CMBS
- Non-recourse options available
- Lower rates than bridge financing
When Bridge-to-Permanent Makes Sense
This structure works well for value-add acquisitions, properties in lease-up, or situations where you need to close quickly but want permanent financing once the property stabilizes. It gives you speed now and better terms later.
Learn More About Bridge LoansRental Portfolios
Financing for single-family rental portfolios, condos, townhomes, and small multifamily properties. Foreign national borrowers accepted on select programs.
Loan Range
Financing available for individual properties or entire portfolios of rental properties.
Property Types
Single-family homes, condos, townhomes, 2–4 unit properties, and small multifamily buildings.
Foreign Nationals
Select programs accept foreign national borrowers for U.S. rental property investments.
Portfolio Financing
Finance multiple properties under a single loan with cross-collateralization. Simplifies management and often provides better terms than individual property loans.
Cash Flow Underwriting
Qualification based on rental income and property performance rather than personal income. Good for investors with multiple properties.
Debt Service Coverage Ratio (DSCR) Loans (No Income Verification)
Debt Service Coverage Ratio loans for 1–4 family rental properties. Qualification based on property cash flow, not borrower income. No tax returns required.
No Income Documentation
No tax returns, W-2s, or pay stubs required. Qualification is based entirely on the property's rental income and ability to cover the mortgage payment.
- No personal income verification
- No employment verification
- Property cash flow is the only income consideration
DSCR Calculation
Debt Service Coverage Ratio = Monthly Rental Income ÷ Monthly Mortgage Payment (PITIA). Most programs require a minimum DSCR of 1.0 to 1.25.
Single-family homes, duplexes, triplexes, and fourplexes used as rental properties.
Most DSCR programs require 660+ credit score, with 680+ qualifying for best rates and terms.
Typical down payment requirement, though some programs allow lower with higher DSCR ratios.
Who DSCR Loans Work For
Self-employed borrowers, real estate investors with multiple properties, foreign nationals, borrowers with complex tax returns, and anyone who prefers not to document personal income. If the property cash flows, you can qualify.
Property Types Covered
PeerSense has financing options for virtually every commercial property type, from stabilized income properties to special-use facilities.
Office Buildings
Single-tenant and multi-tenant office properties, medical office buildings, and professional office space.
Retail Properties
Shopping centers, strip malls, standalone retail buildings, and mixed-use retail developments.
Industrial Properties
Warehouses, distribution centers, manufacturing facilities, flex space, and logistics properties.
Multifamily
Apartment buildings, multifamily complexes, student housing, senior housing, and manufactured housing communities.
Hospitality
Hotels, motels, extended-stay properties, resorts, and boutique hospitality properties.
Self-Storage
Self-storage facilities, climate-controlled storage, and mixed-use storage developments.
Mixed-Use
Properties combining residential, retail, office, or other uses in a single development.
Special Purpose
Churches, schools, medical facilities, car washes, gas stations, and other special-use properties.
Frequently Asked Questions
Need Commercial Real Estate Financing? Let's Talk.
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