The rates are the same nationally. Some lenders will price differently in riskier markets. The smaller the loan, the more challenging it is to get a great rate. A number of companies will not even make a loan under 1,000,000. Loans under 1,000,000 are subject to more scrutiny unless they are SBA or Fannie Mae. The type and condition of the property make a difference. Rates now are as low as 4.27% for multifamily. If you would like a quick review of your project, I can send you a one page intake form and you can go from there after you get the rate quote. My contact information is 614-432-9021. Mario Jackson
Rates can be as low as 4s, or up to 10+, depending on the property, credit and income.
Interest Rates on Comercial Property are based upon the project, loan to value, and credit history. Most companies will look at short term ARM rates as fixed rates on commercial property is extremely hard to find. The best bet is to contact your local bank and talk to a Commercial Loan Officer.
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