POWERFUL and FLEXIBLE

Commercial mortgage financing that works for you

1-Click Application

Use the existing property data contained within your Obie account to generate a quote with ease.

Multiple Loan Types

Our tech-enabled financing platform ensures industry-best rates in multiple types of financing vehicles.

Better Rates

Gain access to multiple banks and lending institutions for the most competitive rates.

Close Faster

Skip the back and forth. We’ll help you move quicker so you are able to close in record time.

Financing has never been easier, faster, or cheaper.

THREE STEPS TO GET STARTED

Step 1

Painless pre-qualification

Through our debt partners, you can get pre-qualified online in minutes using the property information already contained inside your Obie account. No obligations, no commitments, no hidden fees.

Step 2

Receive Your Loan Quotes

Find the loan that best matches your assets financial goals and apply online through our debt partners.

Step 3

Select your loan

Receive a loan quote and lock in your rate.

Use our loan calculator to estimate your loan payment. Simply enter the price of the asset, your equity, and details about the asset to calculate your payment, breakdown, schedule, and more.

Obie Loan Calculator

New Loan
Refinance
Commercial Loan Interest Rates

Key Market Index Rates

  • The commercial mortgage rates displayed in this website should be used as a guideline and do not represent a commitment to lend. Obie and Creisoft, Inc. are not liable for any commercial mortgage interest rate or data entry errors that might affect the displayed commercial loan rates.
  • We don’t yet have your complete financial picture. Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan.
  • Loan approval is subject to underwriter review: not everyone who applies will be approved.
DEBT PRODUCTS

Choose the loan that works for you.

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SENIOR LOANS
Term & Bridge Loans

Term:

3 - 30 years

Amortization:

15 - 30 years

Loan To Cost (LTC):

Up to 75%

Loan To Value (LTV):

Up to 85%

Rate

3.5 - 10%

Type

Recourse and Non-Recourse

MEZZANINE & SECOND LIEN
Term & Bridge Loans

Term:

1 - 10 years

Mezzanine Contribution:

Up to 80%

Timing:

35 - 45 Days

Rate:

10 - 12%

Structure

Equity Pledge w/ Inter-creditor Agreement

OWNER OCCUPIED
Term Loans

Term:

10 - 30 years

Amortization:

15 - 30 years

Loan To Cost (LTC):

Up to 80%

Loan To Value (LTV):

Up to 90%

Rate

4.75 - 10%

Type

Recourse and Non-Recourse

CONSTRUCTION LOANS
Term & Bridge Loans

Term:

Up to 84 Months

Amortization:

LIBOR or Fixed

Loan To Value (LTV):

Up to 80%

Rate

30 day LIBOR 4.00%+

Type

Recourse and Non-Recourse

FAQ

Frequently Asked Questions

Q
Why should I use Obie?
A

Obie's debt placement partners have over 200 lenders nationwide including local, regional, and national banks. They also represent a selected group of insurance companies, hedge funds, and agency lenders. It is important to note that most banks offer retail lending pricing (the rate and terms that they offer their clients) and wholesale lending (the rate and terms that they offer to their correspondents or wholesalers).

Q
What kind of loans do you provide?
A

Our partners provide loans over $500k backed by commercial and 3+ unit multifamily real estate.

Q
How do I get a loan?
A

The easiest way to begin the process is to apply though our online form which, if you are managing an asset or acquisition through Obie, will be pre-populated with almost all of the data needed to obtain a quote. Generally speaking, for investment properties, our partners will need the property’s (2-3 years) operating statements and rent roll, current pictures, as well as personal financial statement (PFS) for all Principals. For owner occupied properties, you should have personal financial statements (PFS), your last 3 years corporate and personal tax returns, and current pictures.

Q
What kind of information do I need to get a quote?
A

If you are a current Obie member we will be able to extract all of the data we need from your managed assets or listings. If you are not currently an Obie member, and would like to apply for P&C insurance, you’ll want to have some information on hand to help with the process including your name and information, property address and asset type, and other building information. If you have an existing policy or a current Offering Memorandum in a PDF or digital version that will help too. Having this information ready helps to ensure you’ll finish the process through our partners quickly.

Q
How long does it take to get a commercial mortgage?
A

It depends on the product type. Conventional loans (30-45 days), SBA7a, SBA504 and USDA (30-60), insurance company loans (30-60 days), Fannie Mae and Freddie Mac (30-60 days), FHA refinances-acquisitions (90-180 days), FHA construction (180-360 days).

Q
How much can I borrow?
A

This depends on many variables. An owner-occupied properties borrowing ability will be heavily dependent on the business cash-flow and ability to repay debt. Once they calculate the company’s historical cash-flow they will need to add the property’s debt load. For investment properties, they have created a set of tools that will help you get an idea of how much you can borrow against the subject property.

Q
What are the general requirements?
A

The optimum requirements for commercial real estate are as follows: Borrower’s Net Worth (personal and business), aka Global Net Worth, should be equal to or higher than the loan amount requested. Borrower should have post-closing liquidity equal to, or superior to, 6 months to service debt or 10% of the loan amount. Prior ownership experience is highly desirable. It is important to note that these should be taken only as general guidelines as these can vary from lender to lender.

Q
How do I qualify?
A

When applying for a commercial loan, the lender will take the following into account:
    Credit score
    Net worth
    Liquidity
    Experience
    Income