Sources

The 682 checked figures on this site rest on 154 sources: agency term sheets and guides, federal regulations, SEC filings, government surveys and industry research. Each is listed below with the edition the figures come from, what it backs and the pages that cite it. Unless a row says otherwise, each source was last read on November 1, 2026.

Groups: Fannie Mae and Freddie Mac (29) · FHA and HUD (13) · Banks, credit unions and HMDA (16) · Non-bank lenders, small balance, C-PACE and state law (18) · Life companies, CMBS, debt funds and REIT filings (25) · Market data (16) · Loan math and prepayment (19) · SBA and owner-occupied lending (17) · Tax (1) · Index rates · Datasets and spread sources

Only figures that passed a second check against their source are listed. How a figure gets checked is on the methodology page; how pages are written and corrected is in the editorial policy.

Fannie Mae and Freddie Mac

Source	Edition	What it backs	Cited on
Fannie Mae Multifamily Selling and Servicing Guide, Section 901.01	November 1, 2026	1 figure: Fannie Mae Guide definition of a Small Mortgage Loan	/loans/fannie-mae-small-loans/, /property/small-apartment-buildings/
Fannie Mae Multifamily, Conventional Properties Term Sheet	November 1, 2026	4 figures: Fannie Mae conventional property maximum LTV; and 3 more	/calculators/dscr/, /compare/5-vs-7-vs-10-year-terms/ and 18 more
Fannie Mae Multifamily, Declining Prepayment Premium Term Sheet	November 1, 2026	5 figures: Fannie Mae 10-year fixed declining prepayment premium schedule; and 4 more	/calculators/prepayment-penalty/, /compare/5-vs-7-vs-10-year-terms/ and 7 more
Fannie Mae Multifamily, DUS Mortgage Loans Term Sheet	November 1, 2026	6 figures: Fannie Mae DUS loan term; and 5 more	/commercial-mortgage-calculator/, /compare/agency-vs-bank-loans/ and 15 more
Fannie Mae Multifamily, Green Building Certifications Preferential Pricing Term Sheet	November 1, 2026	1 figure: Fannie Mae Green Building Certification maximum age	Reference only
Fannie Mae Multifamily, Green Rewards Term Sheet	November 1, 2026	4 figures: Fannie Mae Green Rewards additional loan proceeds; and 3 more	/loans/fannie-mae-multifamily-loans/, /property/large-multifamily/ and 3 more
Fannie Mae Multifamily, Manufactured Housing Communities	November 1, 2026	1 figure: Fannie Mae MHC loan size limits	/property/manufactured-housing-communities/
Fannie Mae Multifamily, Manufactured Housing Communities Term Sheet	November 1, 2026	5 figures: Fannie Mae MHC minimum pad sites; and 4 more	/loans/fannie-mae-multifamily-loans/, /property/manufactured-housing-communities/
Fannie Mae Multifamily, Near-Stabilization Execution Term Sheet	November 1, 2026	1 figure: Fannie Mae Near-Stabilization minimum loan	/loans/fannie-mae-multifamily-loans/, /situations/value-add-and-renovation/
Fannie Mae Multifamily, Rate Lock and Prepay Options	November 1, 2026	1 figure: Fannie Mae Streamlined Treasury Lock eligibility	/loans/fannie-mae-multifamily-loans/
Fannie Mae Multifamily, Seniors Housing Financing Term Sheet	November 1, 2026	3 figures: Fannie Mae Seniors Housing maximum LTV; and 2 more	/calculators/dscr/, /loans/fannie-mae-multifamily-loans/ and 1 more
Fannie Mae Multifamily, Small Mortgage Loan Program Term Sheet	November 1, 2026	6 figures: Fannie Mae Small Mortgage Loan maximum; and 5 more	/calculators/cash-out-refinance/, /calculators/closing-costs/ and 17 more
Fannie Mae Multifamily, Streamlined Rate Lock Term Sheet	November 1, 2026	1 figure: Fannie Mae Streamlined Rate Lock minimum good faith deposit	/compare/agency-vs-bank-loans/, /loans/fannie-mae-multifamily-loans/ and 2 more
Fannie Mae Multifamily, Student Housing Term Sheet	November 1, 2026	4 figures: Fannie Mae Student Housing definition; and 3 more	/loans/fannie-mae-multifamily-loans/, /property/student-housing/
Fannie Mae Multifamily, Supplemental Mortgage Loans Term Sheet	November 1, 2026	3 figures: Fannie Mae Supplemental maximum combined LTV; and 2 more	/calculators/blended-rate/, /calculators/cash-out-refinance/ and 12 more
FHFA, 2026 Multifamily Cap and Definitions	November 24, 2025	9 figures: 2026 minimum mission-driven share of each Enterprise's multifamily purchases; and 8 more	/compare/fannie-mae-vs-freddie-mac/, /lenders/agency/ and 4 more
FHFA, 2026 Multifamily Loan Purchase Caps news release	November 24, 2025	3 figures: 2026 FHFA multifamily purchase cap, per Enterprise; and 2 more	/compare/agency-vs-cmbs/, /compare/fannie-mae-vs-freddie-mac/ and 5 more
FHFA, Fact Sheet: 2025 Multifamily Loan Purchase Caps	November 2024	1 figure: 2025 FHFA multifamily purchase cap, per Enterprise	/lenders/agency/
Freddie Mac Multifamily, Optigo Conventional Small Term Sheet	April 2026	21 figures: Freddie Mac Conventional Small loan size range; and 20 more	/calculators/amortization-schedule/, /calculators/cash-out-refinance/ and 34 more
Freddie Mac Multifamily, Optigo Fixed-Rate Loans Term Sheet	April 2026	8 figures: Freddie Mac Optigo Fixed-Rate minimum loan; and 7 more	/calculators/closing-costs/, /compare/5-vs-7-vs-10-year-terms/ and 9 more
Freddie Mac Multifamily, Optigo Floating-Rate Loan Term Sheet	April 2026	2 figures: Freddie Mac Optigo Floating-Rate index; and 1 more	/compare/fixed-vs-floating-rate/, /lenders/agency/ and 2 more
Freddie Mac Multifamily, Optigo Manufactured Housing Community Loan Term Sheet	April 2026	4 figures: Freddie Mac MHC minimum pad sites; and 3 more	/compare/fannie-mae-vs-freddie-mac/, /loans/freddie-mac-optigo-loans/ and 1 more
Freddie Mac Multifamily, Optigo Seniors Housing Loan Term Sheet	April 2026	3 figures: Freddie Mac Seniors Housing, independent living max LTV / min DCR; and 2 more	/loans/freddie-mac-optigo-loans/, /property/seniors-housing/ and 1 more
Freddie Mac Multifamily, Optigo Small Balance Loan product page (Internet Archive capture, February 12, 2026)	February 12, 2026	1 figure: Legacy Freddie Mac SBL loan size (retired)	/compare/fannie-mae-vs-freddie-mac/, /editorial-policy/ and 1 more
Freddie Mac Multifamily, Optigo Student Housing Loan Term Sheet	April 2026	2 figures: Freddie Mac Student Housing minimum loan; and 1 more	/loans/freddie-mac-optigo-loans/, /property/student-housing/
Freddie Mac Multifamily, Optigo Supplemental Loan Term Sheet	November 2025	4 figures: Freddie Mac Supplemental seasoning; and 3 more	/calculators/blended-rate/, /compare/fannie-mae-vs-freddie-mac/ and 8 more
Freddie Mac news release, Launch of Integrated Conventional Small Product	April 15, 2026	3 figures: Freddie Mac Optigo Conventional Small launch date; and 2 more	/compare/fannie-mae-vs-freddie-mac/, /editorial-policy/ and 4 more
Freddie Mac, Small Balance Loan Program Overview (SB-Deals) Investor Presentation	June 30, 2026	1 figure: Number of Optigo Conventional Small lenders	/compare/fannie-mae-vs-freddie-mac/, /lenders/agency/ and 2 more
Northmarq, Rates & Spreads (Multifamily Conventional)	October 22, 2026	7 figures: Fannie Mae conventional 10-year fixed spread over the 10-year Treasury (Northmarq indication, 55% to 80% LTV); and 6 more	/lenders/agency/, /lenders/life-company/ and 6 more

FHA and HUD

Source	Edition	What it backs	Cited on
HUD Federal Register notice (91 FR 24597), Annual Indexing of Basic Statutory Mortgage Limits for Multifamily Housing Programs, CY2026	May 6, 2026	2 figures: 221(d)(4) basic statutory limit, 2-bedroom elevator unit, 2026; and 1 more	/compare/fha-221d4-vs-bank-construction/, /loans/fha-221d4-loans/ and 2 more
HUD Federal Register notice FR-6521-N-01 (FR Doc 2025-11808), Elimination of Green MIP Category for Section 232	June 26, 2025	6 figures: Section 232 healthcare MIPs were not cut to 0.25%; and 5 more	/compare/fha-223f-vs-agency/, /loans/fha-223a7-loans/ and 2 more
HUD Federal Register notice FR-6522-N-02 (90 FR 45789), Changes in Mortgage Insurance Premiums Applicable to FHA Multifamily Insurance Programs	September 23, 2025	12 figures: Annual MIP, all FHA multifamily programs (221(d)(4), 223(f), 223(a)(7), 241(a), 220, 207, 213, 231); and 11 more	/calculators/closing-costs/, /compare/fha-221d4-vs-bank-construction/ and 10 more
HUD Handbook 4232.1, Section II Production, Chapter 2 Program Overview	January 12, 2017	4 figures: Section 232 new construction max term; and 3 more	/calculators/cash-out-refinance/, /loans/hud-232-loans/ and 2 more
HUD Handbook 4232.1, Section II Production, Chapter 3 Loan Sizing	January 12, 2017	4 figures: Section 232 min DSCR (NC, sub rehab, 223(f)); and 3 more	/loans/hud-232-loans/, /property/seniors-housing/
HUD MAP Guide 4430.G (2020 MAP Guide, revision March 2021)	March 19, 2021	22 figures: 223(f) cash-out refinance cap (Criterion 10); and 21 more	/calculators/amortization-schedule/, /calculators/cash-out-refinance/ and 25 more
HUD MAP Guide 4430.G REV-3 transmittal	December 18, 2020	1 figure: Current MAP Guide edition	Reference only
HUD Mortgagee Letter 2023-14, Revisions to Large Loan Risk Mitigation MAP Guide Policies	June 28, 2023	3 figures: 223(f) large loan ratios, market rate; and 2 more	/compare/fha-223f-vs-agency/, /compare/recourse-vs-non-recourse/ and 5 more
HUD Mortgagee Letter 2025-03, Multifamily Changes in DSCR and LTV/LTC	January 8, 2025	14 figures: ML 2025-03 leverage/DSCR changes effective; and 13 more	/calculators/dscr/, /calculators/ltv-ltc/ and 14 more
HUD Mortgagee Letter 2026-01, Creating a Middle Income Housing option for 221(d)(4)	January 22, 2026	2 figures: 221(d)(4) Middle Income Housing option (50% of units up to 120% AMI); and 1 more	/compare/fha-221d4-vs-bank-construction/, /loans/fha-221d4-loans/ and 1 more
HUD Mortgagee Letter 2026-04, Updates to Multiple Environmental Requirements for the MAP Guide	May 4, 2026	1 figure: Residential setback from pressurized pipeline easements (ML 2026-04)	/loans/fha-221d4-loans/, /loans/fha-223f-loans/
HUD Mortgagee Letter 2026-05, Annual Revisions to Base City High Cost Percentage and MAP Guide thresholds	May 20, 2026	3 figures: Large loan threshold, 2026; and 2 more	/compare/fha-221d4-vs-bank-construction/, /compare/fha-223f-vs-agency/ and 5 more
HUD Mortgagee Letter 2026-12, Build-To-Rent Developments Underwriting Eligibility	October 14, 2026	1 figure: Most recent MAP Guide-related mortgagee letter found	/compare/fha-221d4-vs-bank-construction/, /compare/fha-223f-vs-agency/ and 2 more

Banks, credit unions and HMDA

Source	Edition	What it backs	Cited on
CFPB/FFIEC HMDA 2025 public data, multifamily originations (Data Browser)	December 31, 2025	2 figures: HMDA multifamily originations, 2025; and 1 more	Reference only
CFPB/FFIEC HMDA 2025 public data, multifamily originations (Data Browser)	December 31, 2025	22 figures: Median interest rate, HMDA multifamily originations 2025; and 21 more	/calculators/cash-out-refinance/, /calculators/interest-only-vs-amortizing/ and 22 more
eCFR, 12 CFR Part 365 Appendix A (Interagency Guidelines for Real Estate Lending Policies)	November 26, 2021 to October 29, 2026	17 figures: Supervisory LTV limit, raw land (banks); and 16 more	/calculators/ltv-ltc/, /compare/agency-vs-bank-loans/ and 17 more
eCFR, 12 CFR Part 723 (NCUA Member Business Loans; Commercial Lending)	June 5, 2018	4 figures: Credit union aggregate member business loan cap; and 3 more	/compare/bank-vs-credit-union/, /loans/credit-union-commercial-loans/ and 1 more
eCFR, 12 CFR Part 723 (NCUA Member Business Loans; Commercial Lending)	April 27, 2020	1 figure: Commercial loan definition excludes relationships under $50,000	/compare/bank-vs-credit-union/, /loans/credit-union-commercial-loans/
eCFR, 12 CFR Part 723 (NCUA Member Business Loans; Commercial Lending)	January 1, 2017	1 figure: Credit union personal guarantee rule	/compare/bank-vs-credit-union/, /compare/recourse-vs-non-recourse/ and 7 more
eCFR, 12 CFR Part 723 (NCUA Member Business Loans; Commercial Lending)	January 1, 2017	2 figures: No regulatory LTV cap on credit union commercial loans; and 1 more	/calculators/ltv-ltc/, /compare/bank-vs-credit-union/ and 7 more
eCFR, 12 CFR Part 723 (NCUA Member Business Loans; Commercial Lending)	January 1, 2017	1 figure: Credit union construction loan collateral value	/loans/credit-union-commercial-loans/
eCFR, 12 CFR Part 723 (NCUA Member Business Loans; Commercial Lending)	January 1, 2022	1 figure: Small credit union exemption from Part 723 policy and staffing rules	/loans/credit-union-commercial-loans/
FDIC Quarterly Banking Profile Q2 2026, time series spreadsheets	June 30, 2026	11 figures: Bank loans secured by nonfarm nonresidential property; and 10 more	/compare/bank-vs-cmbs/, /compare/bank-vs-credit-union/ and 14 more
FDIC Quarterly Banking Profile, Second Quarter 2026 (statement, Chart 10)	June 30, 2026	7 figures: Non-owner-occupied CRE past-due and nonaccrual rate, banks over $250B; and 6 more	/compare/bank-vs-credit-union/, /lenders/bank/ and 2 more
Federal Register 71 FR 74580 (Dec. 12, 2006), OCC/Federal Reserve/FDIC final Guidance on Concentrations in CRE Lending	December 12, 2006	8 figures: CRE concentration screen: construction and land; and 7 more	/compare/agency-vs-bank-loans/, /compare/bank-vs-cmbs/ and 12 more
Federal Reserve, July 2026 Senior Loan Officer Opinion Survey on Bank Lending Practices	June 30, 2026 to August 3, 2026	10 figures: Bank CRE lending standards, Q2 2026; and 9 more	Home, /compare/debt-fund-vs-bank-bridge/ and 10 more
Federal Reserve, July 2026 SLOOS, Table 1 (domestic banks)	June 30, 2026 to August 3, 2026	5 figures: Net share of banks tightening nonfarm nonresidential standards; and 4 more	/compare/agency-vs-bank-loans/, /compare/bank-vs-credit-union/ and 4 more
MBA press release, Commercial/Multifamily Mortgage Debt Outstanding, Q2 2026 (Sept. 29, 2026)	June 30, 2026	15 figures: Commercial/multifamily mortgage debt outstanding; and 14 more	/compare/agency-vs-bank-loans/, /compare/agency-vs-cmbs/ and 13 more
NCUA 5300 Call Report quarterly data, June 30, 2026 (bulk file FS220L)	June 30, 2026	6 figures: Credit union real-estate-secured commercial loans outstanding; and 5 more	/compare/bank-vs-credit-union/, /lenders/bank/ and 3 more

Non-bank lenders, small balance, C-PACE and state law

Source	Edition	What it backs	Cited on
12 CFR 324.2, definition of HVCRE exposure (eCFR)	October 29, 2026	1 figure: Borrower contributed capital that lets a commercial construction loan avoid HVCRE treatment	/compare/fha-221d4-vs-bank-construction/, /loans/construction-loans/ and 4 more
12 CFR 324.32(j) (eCFR)	October 29, 2026	1 figure: Bank capital risk weight on an HVCRE exposure	/compare/fha-221d4-vs-bank-construction/, /loans/construction-loans/ and 1 more
12 CFR Part 365, Subpart A definitions (eCFR)	October 29, 2026	1 figure: How banks measure value on an acquisition loan	Reference only
12 U.S.C. 1713(a)(1) (National Housing Act Section 207), via Cornell LII	November 1, 2026	1 figure: FHA Section 207 rental housing leasehold term requirement	/loans/leasehold-financing/
12 U.S.C. 1715w(b)(4) (National Housing Act Section 232), via Cornell LII	November 1, 2026	1 figure: FHA Section 232 (healthcare) leasehold term requirement	/loans/hud-232-loans/, /loans/leasehold-financing/
Florida Statutes 2026, Section 687.02	2026	2 figures: Florida general usury threshold; and 1 more	/loans/hard-money-commercial-loans/, /situations/commercial-loan-with-bad-credit/
Florida Statutes 2026, Section 687.071	2026	2 figures: Florida criminal usury, misdemeanor threshold; and 1 more	/loans/hard-money-commercial-loans/, /situations/commercial-loan-with-bad-credit/
Freddie Mac Multifamily Seller/Servicer Guide, Chapter 30 (Guide Bulletin update 08/25/26; ground lease term section dated 02/24/26)	February 24, 2026	3 figures: Freddie Mac required remaining ground lease term, fully amortizing loan; and 2 more	/loans/leasehold-financing/
New York Banking Law Section 14-a (NY Senate)	September 22, 2014	1 figure: New York civil usury ceiling	/loans/hard-money-commercial-loans/, /situations/commercial-loan-with-bad-credit/
New York General Obligations Law Section 5-501(6)(a) (NY Senate)	September 22, 2014	2 figures: New York: civil usury limit does not apply to loans of this size or more (criminal usury still applies); and 1 more	/loans/hard-money-commercial-loans/, /situations/commercial-loan-with-bad-credit/
New York Penal Law Section 190.40 (NY Senate)	May 8, 2015	1 figure: New York criminal usury threshold	/loans/hard-money-commercial-loans/, /situations/commercial-loan-with-bad-credit/
PACENation, PACE Market Data	December 31, 2025 to November 1, 2026	3 figures: Cumulative C-PACE investment, 2009 through December 2025; and 2 more	/loans/c-pace-financing/
PACENation, PACE Programs	November 1, 2026	2 figures: States with PACE-enabling legislation; and 1 more	/loans/c-pace-financing/, /situations/value-add-and-renovation/
PACENation, What is PACE Financing?	November 1, 2026	3 figures: Maximum PACE repayment term; and 2 more	/loans/c-pace-financing/, /rankings/best-loans-for-value-add/ and 2 more
Ready Capital Corporation Form 10-Q for the quarter ended June 30, 2026 (SEC EDGAR)	June 30, 2026	3 figures: Ready Capital typical original loan size (all loan types); and 2 more	/loans/freddie-mac-small-balance-loans/, /rankings/best-loans-for-small-apartment-buildings/ and 1 more
Sachem Capital Corp. Form 10-Q for the quarter ended June 30, 2026 (SEC EDGAR)	June 30, 2026	8 figures: Term of Sachem Capital short-term investor loans; and 7 more	/compare/recourse-vs-non-recourse/, /loans/hard-money-commercial-loans/ and 9 more
Velocity Financial, Inc. 2Q26 Results Presentation, Exhibit 99 to Form 8-K, August 5, 2026 (SEC EDGAR)	June 30, 2026	3 figures: Velocity Financial weighted average coupon on 2Q26 held-for-investment loan production; and 2 more	/compare/dscr-loan-vs-bank-loan/, /loans/dscr-commercial-loans/ and 3 more
Velocity Financial, Inc. Form 10-Q for the quarter ended June 30, 2026 (SEC EDGAR)	June 30, 2026	13 figures: Velocity Financial total loan portfolio (UPB); and 12 more	/compare/dscr-loan-vs-bank-loan/, /loans/dscr-commercial-loans/ and 6 more

Life companies, CMBS, debt funds and REIT filings

Source	Edition	What it backs	Cited on
17 CFR 246 (Regulation RR, credit risk retention), eCFR	October 29, 2026	1 figure: Credit risk retention required of CMBS sponsors	/compare/cmbs-vs-life-company/, /lenders/cmbs/ and 1 more
17 CFR 246 (Regulation RR, credit risk retention), eCFR	October 29, 2026	1 figure: CMBS third-party (B-piece) purchaser minimum hold before transfer	/compare/cmbs-vs-life-company/, /lenders/cmbs/ and 1 more
26 CFR 1.860G-2 (eCFR)	October 29, 2026	6 figures: REMIC defeasance: lien release not allowed within 2 years of startup day; and 5 more	/calculators/prepayment-penalty/, /compare/agency-vs-cmbs/ and 3 more
ACLI Life Insurers Fact Book 2025 (80th ed.)	December 31, 2024	10 figures: Mortgages held by U.S. life insurers, year-end 2024; and 9 more	/compare/cmbs-vs-life-company/, /compare/life-company-vs-bank/ and 8 more
Apollo Commercial Real Estate Finance 10-Q, Q2 2026	April 24, 2026	1 figure: Apollo Commercial Real Estate Finance sold its loan portfolio to Athene	/lenders/debt-fund/
BANK5 2026-5YR24 term sheet (FWP, SEC EDGAR, filed Aug 12, 2026)	August 12, 2026	4 figures: BANK5 2026-5YR24 (5-year conduit) weighted average UW NCF DSCR; and 3 more	/calculators/interest-only-vs-amortizing/, /compare/5-vs-7-vs-10-year-terms/ and 3 more
BBCMS 2026-5C43 term sheet (FWP, SEC EDGAR, filed Oct 6, 2026)	October 6, 2026	6 figures: BBCMS 2026-5C43 (5-year conduit) pool: loans and balance; and 5 more	/calculators/debt-yield/, /calculators/dscr/ and 4 more
Blackstone Mortgage Trust 10-Q, Q3 2026	September 30, 2026	3 figures: Blackstone Mortgage Trust weighted-average cash coupon (spread over benchmark), Sept 30, 2026; and 2 more	/compare/debt-fund-vs-bank-bridge/, /compare/fixed-vs-floating-rate/ and 6 more
BMO 2026-C14 Mortgage Trust, Collateral Term Sheet (free writing prospectus, SEC filing)	January 16, 2026	2 figures: BMO 2026-C14 conduit pool weighted-average underwritten NOI debt yield; and 1 more	/lenders/cmbs/
CBRE Lending Momentum Index, Q2 2026 press release (Aug 3, 2026)	June 30, 2026	12 figures: CBRE Lending Momentum Index, Q2 2026; and 11 more	/calculators/debt-yield/, /calculators/dscr/ and 28 more
CRED iQ, CRE Loan Spreads Tighten Across Property Types (Apr 17, 2026)	March 31, 2026	5 figures: Spread over 10-year Treasury, 60 to 65% LTV permanent multifamily loans, March 31, 2026; and 4 more	/commercial-mortgage-calculator/, /compare/agency-vs-cmbs/ and 12 more
CRED iQ, State of Conduit CMBS (Sep 17, 2026)	August 31, 2026	6 figures: Blended LTV on conduit CMBS new issues, June to August 2026; and 5 more	/calculators/debt-yield/, /compare/agency-vs-cmbs/ and 16 more
CRED iQ, The Power of One: Why SASB Outruns Conduits 3 to 1 (Oct 22, 2026)	September 30, 2026	6 figures: SASB and large-loan CMBS issuance, January to September 2026, per CRED iQ; and 5 more	/calculators/interest-only-vs-amortizing/, /compare/5-vs-7-vs-10-year-terms/ and 11 more
Granite Point Mortgage Trust 10-Q, Q2 2026	June 30, 2026	2 figures: Granite Point Mortgage Trust weighted-average cash coupon, June 30, 2026; and 1 more	/compare/bridge-vs-permanent-loans/, /lenders/debt-fund/ and 2 more
KBRA CMBS Trend Watch, September 2026 (Oct 5, 2026)	September 30, 2026	3 figures: Private-label CMBS issuance year to date through September 2026, per KBRA; and 2 more	/compare/agency-vs-cmbs/, /compare/cmbs-vs-life-company/ and 5 more
KKR Real Estate Finance Trust 10-Q, Q3 2026	September 30, 2026	2 figures: KKR Real Estate Finance Trust floating-rate weighted average cash coupon spread, Sept 30, 2026; and 1 more	/compare/bridge-vs-permanent-loans/, /lenders/debt-fund/ and 5 more
Ladder Capital Corp 10-Q, Q3 2026	September 30, 2026	2 figures: Ladder Capital weighted average yield on mortgage loan receivables, Sept 30, 2026; and 1 more	/compare/debt-fund-vs-bank-bridge/, /lenders/debt-fund/ and 3 more
MBA Commercial/Multifamily Mortgage Debt Outstanding, Q2 2026	June 30, 2026	24 figures: Total commercial/multifamily mortgage debt outstanding, Q2 2026; and 23 more	Home, /lenders/cmbs/ and 5 more
MBA Commercial/Multifamily Mortgage Delinquency Rates for Major Investor Groups, Q2 2026	June 30, 2026	3 figures: Life company portfolio delinquency rate (60+ days), Q2 2026; and 2 more	/compare/cmbs-vs-life-company/, /compare/life-company-vs-bank/ and 2 more
MSBAM 2026-C36 term sheet (FWP, SEC EDGAR, filed Aug 6, 2026)	August 6, 2026	9 figures: MSBAM 2026-C36 conduit pool: loans and balance; and 8 more	/calculators/blended-rate/, /calculators/debt-yield/ and 11 more
Nassau CorAmerica, Commercial Mortgage Loans: An Attractive Investment Strategy (2026 white paper), restating ACLI Commercial Mortgage Commitments	December 31, 2025 to January 1, 2026	7 figures: Average LTV on newly originated life company commercial mortgages, full year 2025 (ACLI); and 6 more	/lenders/life-company/, /loans/life-company-loans/
TPG RE Finance Trust 10-Q, Q3 2026	September 30, 2026	3 figures: TPG RE Finance Trust weighted average credit spread, Sept 30, 2026; and 2 more	/compare/bridge-vs-permanent-loans/, /lenders/debt-fund/ and 5 more
Trepp, CMBS Delinquency Report, September 2026 (Oct 2, 2026)	September 30, 2026	6 figures: Trepp overall CMBS delinquency rate, September 2026; and 5 more	/compare/bank-vs-cmbs/, /compare/cmbs-vs-life-company/ and 11 more
Trepp, Data Center CMBS Spreads Widen as the Rest of the Market Holds Steady (Oct 27, 2026)	October 16, 2026	1 figure: Median senior AAA spread, fixed-rate SASB CMBS excluding data centers, mid-October 2026	/lenders/cmbs/, /loans/sasb-loans/
Trepp, The Q3 2026 Quarterly Data Review (Oct 26, 2026)	October 26, 2026	3 figures: CMBS special servicing volume, per Trepp Q3 2026 review; and 2 more	/calculators/refinance-gap/, /compare/bank-vs-cmbs/ and 6 more

Market data

Source	Edition	What it backs	Cited on
CBRE, U.S. Cap Rate Survey H1 2026 (published August 12, 2026)	June 30, 2026	4 figures: CBRE U.S. Cap Rate Survey H1 2026: headline; and 3 more	/calculators/cap-rate/, /property/industrial-warehouse/ and 3 more
FDIC Quarterly Banking Profile, Second Quarter 2026, Table V-A	June 30, 2026	8 figures: FDIC noncurrent rate, nonfarm nonresidential (commercial) real estate loans, all insured banks; and 7 more	Home, /market/credit-quality/
Federal Reserve Bank of New York, Secured Overnight Financing Rate	October 29, 2026	1 figure: SOFR, latest published at build	/compare/fixed-vs-floating-rate/
Federal Reserve Bank of New York, SOFR Averages and Index	October 30, 2026	1 figure: 30-day average SOFR, latest published at build	/compare/bridge-vs-permanent-loans/, /compare/debt-fund-vs-bank-bridge/ and 2 more
Federal Reserve, Charge-Off and Delinquency Rates on Loans and Leases at Commercial Banks	June 30, 2026	1 figure: Fed delinquency rate, commercial real estate loans (excluding farmland), all banks, seasonally adjusted	/market/credit-quality/
Federal Reserve, Charge-Off and Delinquency Rates on Loans and Leases at Commercial Banks	June 30, 2026	1 figure: Fed net charge-off rate, commercial real estate loans (excluding farmland), all banks, seasonally adjusted annual rate	/market/credit-quality/
Federal Reserve, Charge-Off and Delinquency Rates on Loans and Leases at Commercial Banks (top 100 banks and other banks, seasonally adjusted)	June 30, 2026	1 figure: Fed CRE delinquency rate by bank size, seasonally adjusted	/market/credit-quality/
Federal Reserve, FOMC statement, October 28, 2026	October 28, 2026	1 figure: Federal funds target range after the October 2026 FOMC meeting	/compare/fixed-vs-floating-rate/, /market/rate-survey/
KBRA, CMBS Loan Performance Trends: September 2026	September 30, 2026	1 figure: KBRA CMBS delinquency and distress rates (KBRA-rated U.S. private-label CMBS)	/market/credit-quality/
MBA NewsLink, Commercial/Multifamily Mortgage Debt Outstanding Increased by $42.9B in Second Quarter	June 30, 2026	1 figure: Commercial and multifamily mortgage debt outstanding, total (rounded, as MBA states it)	Home, /market/debt-outstanding/
MBA NewsLink, MBA CREF Forecast: Total Commercial Mortgage Originations to Increase 27% to $805 Billion in 2026	February 10, 2026	3 figures: MBA forecast of total commercial and multifamily originations, 2026; and 2 more	/compare/fixed-vs-floating-rate/, /market/debt-outstanding/ and 1 more
MBA NewsLink, Trepp: CMBS Delinquency Rate Falls One Basis Point in August (NewsLink issue of September 3, 2026; article dated September 8, 2026)	August 31, 2026	2 figures: Trepp CMBS delinquency rate, overall; and 1 more	/market/credit-quality/
MBA, 2025 Commercial Real Estate Survey of Loan Maturity Volumes (NewsLink, February 9, 2026)	December 31, 2025	10 figures: Commercial and multifamily mortgages scheduled to mature in 2026; and 9 more	Home, /calculators/refinance-gap/ and 15 more
MBA, CREF Loan Performance Survey, Q3 2026 (NewsLink, October 27, 2026)	September 30, 2026	4 figures: MBA CMBS delinquency rate (30+ days), Q3 2026; and 3 more	/compare/fha-223f-vs-agency/, /lenders/agency/ and 7 more
MBA, Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, Q2 2026	June 30, 2026	7 figures: Commercial and multifamily originations, year-over-year change; and 6 more	/compare/bank-vs-cmbs/, /compare/cmbs-vs-life-company/ and 10 more
U.S. Treasury, Daily Treasury Par Yield Curve Rates	October 30, 2026	2 figures: 10-year Treasury par yield, latest close at build; and 1 more	/compare/5-vs-7-vs-10-year-terms/, /compare/agency-vs-cmbs/ and 10 more

Loan math and prepayment

Source	Edition	What it backs	Cited on
12 CFR 34.43, Appraisals required (OCC), eCFR	October 29, 2026	1 figure: Bank appraisal threshold for commercial real estate	/calculators/closing-costs/, /compare/dscr-loan-vs-bank-loan/ and 3 more
12 CFR Part 1026, Appendix J (Regulation Z actuarial method), eCFR	October 29, 2026	1 figure: Actuarial method: how the loan balance rolls each period	/calculators/amortization-schedule/, /commercial-mortgage-calculator/
12 CFR Part 34, Subpart D, Appendix A (Interagency Guidelines for Real Estate Lending Policies), eCFR	October 29, 2026	7 figures: Loan-to-value ratio, regulatory definition; and 6 more	/calculators/ltv-ltc/, /loans/land-loans/ and 4 more
13 CFR 120.223, Subsidy recoupment fee, eCFR	October 29, 2026	2 figures: SBA 7(a) subsidy recoupment fee: when it applies; and 1 more	/calculators/prepayment-penalty/, /compare/yield-maintenance-vs-defeasance-vs-step-down/ and 1 more
24 CFR 200.40, HUD fees, eCFR	October 29, 2026	3 figures: HUD Section 223(f) application-commitment fee; and 2 more	/calculators/closing-costs/, /compare/fha-223f-vs-agency/ and 1 more
40 CFR 312.11, All Appropriate Inquiries references, eCFR	October 29, 2026	1 figure: Phase I ESA standard recognized for All Appropriate Inquiries	/calculators/closing-costs/, /property/flex/ and 3 more
40 CFR 312.20, All Appropriate Inquiries timing, eCFR	October 29, 2026	1 figure: Phase I timing for CERCLA protection	/calculators/closing-costs/, /rankings/fastest-commercial-loans-to-close/ and 2 more
BANK5 2026-5YR24 prospectus (Form 424B2), SEC EDGAR	August 20, 2026	9 figures: CMBS prospectus definition of underwritten NOI debt yield; and 8 more	/calculators/debt-yield/, /calculators/prepayment-penalty/ and 10 more
Fannie Mae Form 6001.MCFA schedules and Form 6104.01 (05-20) Standard Yield Maintenance schedule, as filed with the SEC (New England Realty Associates 8-K, Ex. 10.1)	June 16, 2022	8 figures: Actual/360 interest accrual, definition; and 7 more	/calculators/amortization-schedule/, /calculators/interest-only-vs-amortizing/ and 6 more
Fannie Mae Multifamily Selling and Servicing Guide, Part II, Section 205 Cash Out Analysis	October 26, 2026	1 figure: Fannie Mae cash-out underwriting: remaining hard equity	/calculators/cash-out-refinance/, /compare/fha-223f-vs-agency/ and 5 more
Fannie Mae Multifamily Selling and Servicing Guide, Part II, Section 504 Environmental Matters	October 26, 2026	1 figure: Fannie Mae requires a Phase I ESA of the entire property	/calculators/closing-costs/, /loans/fannie-mae-multifamily-loans/
Fannie Mae Multifamily Selling and Servicing Guide, Part III, Section 1104 Prepayment Terms (SARM)	October 26, 2026	2 figures: Fannie Mae SARM and Hybrid ARM: no premium on casualty or condemnation prepayment; and 1 more	/calculators/prepayment-penalty/, /compare/fixed-vs-floating-rate/ and 1 more
Fannie Mae Multifamily Selling and Servicing Guide, Part III, Section 1203 Prepayment Terms (Hybrid ARM)	October 26, 2026	2 figures: Fannie Mae Hybrid ARM: yield maintenance end date by fixed term; and 1 more	Reference only
Fannie Mae Multifamily Selling and Servicing Guide, Part V, Section 213 Prepayment Premium Sharing	October 26, 2026	4 figures: Fannie Mae YM: premium is the greater of 1% or yield maintenance; and 3 more	/calculators/prepayment-penalty/, /compare/5-vs-7-vs-10-year-terms/ and 9 more
Fannie Mae Multifamily Selling and Servicing Guide, Part V, Section 218 Defeasance	October 26, 2026	4 figures: Fannie Mae defeasance commitment fee; and 3 more	/calculators/prepayment-penalty/, /compare/yield-maintenance-vs-defeasance-vs-step-down/ and 1 more
Freddie Mac Multifamily Note, Fixed Rate Yield Maintenance Only (Revised 5-5-2017), as filed with the SEC (Inland Residential Properties Trust, Ex. 10.41)	July 27, 2017	8 figures: Freddie Mac note: IO installment stated per day; and 7 more	/calculators/amortization-schedule/, /calculators/interest-only-vs-amortizing/ and 9 more
Freddie Mac Multifamily, Small Balance Loans term sheet (October 2016, archived)	October 2016	1 figure: Freddie Mac Small Balance Loan Option 1 step-down (archived program)	/loans/freddie-mac-small-balance-loans/
OCC Comptroller's Handbook, Commercial Real Estate Lending (Version 2.0)	March 2022	10 figures: Debt service coverage ratio (DSCR), definition; and 9 more	/calculators/cap-rate/, /calculators/debt-yield/ and 12 more
SBA Form 1504 (6-18), Development Company 504 Debenture	June 2018	4 figures: SBA 504 debenture interest basis; and 3 more	/calculators/prepayment-penalty/, /compare/sba-504-vs-bank-loan/ and 2 more

SBA and owner-occupied lending

Source	Edition	What it backs	Cited on
eCFR 7 CFR Part 5001 (OneRD Guaranteed Loanmaking), section 5001.105	December 11, 2025	2 figures: USDA B&I minimum equity, existing business; and 1 more	Reference only
eCFR 7 CFR Part 5001 (OneRD Guaranteed Loanmaking), section 5001.115	September 30, 2024	1 figure: USDA B&I ineligible: passive commercial rental	Reference only
eCFR 7 CFR Part 5001 (OneRD Guaranteed Loanmaking), section 5001.3	December 11, 2025	1 figure: USDA B&I rural area test	Reference only
eCFR 7 CFR Part 5001 (OneRD Guaranteed Loanmaking), section 5001.401	September 30, 2024	1 figure: USDA B&I interest rate rule	Reference only
eCFR 7 CFR Part 5001 (OneRD Guaranteed Loanmaking), section 5001.402	September 30, 2024	1 figure: USDA B&I maximum loan term	Reference only
eCFR 7 CFR Part 5001 (OneRD Guaranteed Loanmaking), section 5001.406	September 30, 2024	1 figure: USDA Business and Industry guaranteed loan, maximum per borrower	Reference only
Federal Register 2026-04581, OneRD Annual Notice of Guarantee Fee Rates for FY 2026 (USDA Rural Development)	October 1, 2025	4 figures: USDA B&I guarantee percentage, loans under $5 million, FY 2026; and 3 more	Reference only
Federal Register 87 FR 46883, Maximum Allowable 7(a) Fixed Interest Rates (SBA, Aug 1, 2022)	August 1, 2022	2 figures: SBA 7(a) maximum fixed rate, loans over $250,000; and 1 more	Reference only
Growth Corp (SBA-certified development company), SBA 504 Rate Pricing	October 8, 2026	3 figures: SBA 504 debenture rate (before servicing fees), 25-year, October 2026; and 2 more	/compare/sba-504-vs-bank-loan/, /loans/owner-occupied-commercial-mortgage/ and 1 more
Ohio Statewide Development Corporation (SBA-certified development company), SBA 504 Rate History	September 10, 2026 to October 8, 2026	3 figures: SBA 504 effective rate, 20-year, October 2026 sale (fees included, as published by CDCs); and 2 more	/loans/owner-occupied-commercial-mortgage/, /market/rate-survey/
SBA Information Notice 5000-869666, 504 Debenture Funding Schedule for Calendar Year 2026	September 5, 2025 to October 8, 2026	4 figures: SBA 504 October 2026 debenture pricing date; and 3 more	/compare/sba-504-vs-bank-loan/, /loans/owner-occupied-commercial-mortgage/ and 1 more
SBA Information Notice 5000-880695, Issuance of SOP 50 10 8.1	August 14, 2026	1 figure: SOP 50 10 8.1 effective date	/lenders/bank/, /situations/foreign-national-commercial-loans/
SBA Information Notice 5000-881796, 504 Fees for Fiscal Year 2027	October 1, 2026	4 figures: SBA 504 upfront guaranty fee, FY 2027 (standard projects); and 3 more	/calculators/closing-costs/, /compare/sba-504-vs-bank-loan/ and 1 more
SBA Information Notice 5000-881797, 7(a) Fees Effective October 1, 2026 for FY 2027	October 1, 2026	4 figures: SBA 7(a) upfront guaranty fee, loans $700,001 to $5,000,000, FY 2027; and 3 more	/loans/owner-occupied-commercial-mortgage/
SBA press release, Small Businesses Now Eligible for $10 Million in SBA Financing (July 7, 2026)	July 4, 2026	1 figure: Combined SBA 7(a) plus 504 cumulative limit (7(a) approved first)	/compare/sba-504-vs-bank-loan/, /loans/owner-occupied-commercial-mortgage/
SBA SOP 50 10 8.1, Lender and Development Company Loan Programs (effective Oct 1, 2026)	October 1, 2026	43 figures: Treasury benchmark used to price 504 debentures; and 42 more	/calculators/cash-out-refinance/, /calculators/closing-costs/ and 12 more
SomerCor (SBA-certified development company), October 2026 SBA 504 Interest Rates	October 8, 2026	2 figures: SBA 504 effective rate, 25-year, October 2026 sale (fees included, as published by CDCs); and 1 more	/compare/sba-504-vs-bank-loan/, /loans/owner-occupied-commercial-mortgage/ and 2 more

Tax

Source	Edition	What it backs	Cited on
26 CFR 1.1031(k)-1(b)(2), eCFR	October 29, 2026	4 figures: Section 1031 deferred exchange: identification period; and 3 more	/situations/1031-exchange-financing/

Index rates

Read every business day from the publishers, never from a redistributor.

Series	Publisher	Backs
5-year Treasury	U.S. Department of the Treasury, daily par yield curve rates	Every indicative rate priced over it, the rate board and the calculators' rate presets
7-year Treasury	U.S. Department of the Treasury, daily par yield curve rates	Every indicative rate priced over it, the rate board and the calculators' rate presets
10-year Treasury	U.S. Department of the Treasury, daily par yield curve rates	Every indicative rate priced over it, the rate board and the calculators' rate presets
SOFR (overnight)	Federal Reserve Bank of New York	Every indicative rate priced over it, the rate board and the calculators' rate presets
30-day average SOFR	Federal Reserve Bank of New York	Every indicative rate priced over it, the rate board and the calculators' rate presets
Bank prime rate	Board of Governors of the Federal Reserve System, H.15 Selected Interest Rates	Every indicative rate priced over it, the rate board and the calculators' rate presets

Datasets and lender-type spread sources

Source	Edition	Backs
CFPB and FFIEC, HMDA public data (2025)	2025 filing year	State multifamily medians: rate, term, loan size and refinance share, 51 states and districts. Aggregates only.
Northmarq, Current Rates sheet	October 22, 2026	Lender-type spread ranges on the rates page and the lender-type pages
CRED iQ, CRE loan spreads by property type	March 31, 2026	Lender-type spread ranges on the rates page and the lender-type pages
Blackstone Mortgage Trust 10-Q, Q3 2026	September 30, 2026	Lender-type spread ranges on the rates page and the lender-type pages

Found a figure that no longer matches its source? Email hello@commercial.mortgage with the page and the number.