Commercial mortgages by property type
Lenders price and size each asset class differently. Each page lists the programs that lend on that property type, ranked, with the leverage and spread norms that apply to it.
- Small apartment buildings
Financing a 5 to 50 unit apartment building: agency small loans, banks, credit unions and DSCR lenders ranked, with HMDA rates by size and an example.
- Large multifamily
Financing a 50+ unit apartment property: Fannie Mae DUS, Freddie Mac Optigo, FHA 223(f), life companies, CMBS and bridge ranked, with a sizing example.
- Mixed use
Financing apartments over retail: how the commercial share decides between agency, bank, credit union and DSCR lenders, what lenders cut, and an example.
- Retail strip centers
Financing a strip or neighborhood shopping center: bank, life company, CMBS and bridge loans ranked, retail spreads, rollover tests and an example.
- Single-tenant net lease
Financing a single-tenant net lease property: when a credit tenant lease loan beats a life company, CMBS or bank loan, what lenders read, and examples.
- Office
Financing an office building now: which banks, life companies, CMBS lenders and debt funds still lend, office spreads, rollover tests and an example.
- Medical office
Financing a medical office building: life company, bank, CMBS and CTL loans for investors, SBA and bank loans for practices, lender checks and an example.
- Industrial and warehouse
Financing a warehouse or distribution building: life company, bank, CMBS and credit union loans ranked, industrial spreads, lender checks and an example.
- Flex and small-bay industrial
Financing a flex or small-bay industrial building: bank, credit union, DSCR, SBA and CMBS loans ranked, how small tenants change underwriting, an example.
- Self storage
Financing a self storage facility: stabilized and lease-up options ranked, how lenders read occupancy and street rates, construction rules, an example.
- Hotels
Financing a hotel: CMBS, bank, SBA, debt fund and bridge loans ranked, hotel debt yields and delinquency, how a PIP changes the loan, and an example.
- Manufactured housing communities
Financing a mobile home park or manufactured housing community: Fannie Mae and Freddie Mac MHC terms, bank and CMBS options, lender checks, an example.
- Student housing
Financing off-campus student housing: Fannie Mae and Freddie Mac student terms, bridge and construction for lease-up, bed-lease underwriting, an example.
- Seniors housing
Financing assisted living, memory care, independent living and skilled nursing: HUD 232 and agency terms side by side, bridge options and an example.
Get financing for this deal
Send the property and the loan once. A person at Janover Capital LLC reads it, tells you which programs fit and replies, usually within one business day.