Direct answer: If your commercial mortgage matures in the next 12–24 months, begin commercial loan refinancing now. Assess DSCR, current NOI, and property value, then match options: conventional bank refinance, SBA 504/7(a) for owner-occupied, bridge loan, or private credit. Explore extensions with your current lender, and model costs like prepayment, fees, and reserves. Key Takeaways - Start 9–12 months before maturity to preserve leverage and options. - Aim for DSCR of rou

Direct answer: If you are buying or refinancing an owner-occupied commercial building, SBA 504 typically offers lower fixed rates for real estate and equipment with a split-lender structure, while SBA 7a provides more flexibility for mixed uses like goodwill or working capital. Choose based on use of proceeds, rate type, fees, timeline, prepayment, and DSCR/LTV fit. Key Takeaways - SBA 504 vs 7a: 504 excels for long-term, fixed-rate real estate; 7a wins on flexibility and bl

Direct answer: For owner-occupied commercial real estate, SBA 504 generally delivers lower, long-term fixed rates on the real estate and build-out, while SBA 7(a) offers more flexibility if you also need working capital, goodwill, or broad use of funds. When weighing SBA 504 vs 7a, align the loan with uses, equity, speed, prepayment, and collateral. Key Takeaways - SBA 504 often wins on fixed-rate, long-term financing for real estate and major improvements. - SBA 7(a) is mor

Direct answer Commercial loan refinancing replaces a maturing or high-rate commercial mortgage with a new loan that fits current underwriting and your business plan. Start 9–12 months before maturity. Compare banks, life companies, agencies, SBA, bridge lenders, and private credit. Know your DSCR, LTV, and NOI. Build an exit strategy with realistic timelines and reserves. Key Takeaways - Begin refinancing 9–12 months before maturity and model multiple scenarios. - Typical le

Have a commercial mortgage coming due and wondering how to refinance in today’s market? You’re not alone. Many owners face maturities with higher rates and tighter underwriting. The key is starting early, understanding your DSCR and LTV, and choosing the right capital source for your property and business plan. What lenders look for - DSCR (Debt Service Coverage Ratio): Net operating income (NOI) divided by annual debt service. Many banks want 1.20x–1.30x+ depending on asset

Loan coming due on your commercial property and not sure how to refinance in today’s market? You’re not alone. Many owners are meeting maturities with higher rates, tighter lending, and shifting values. Here is a practical playbook to evaluate your options and keep your deal on track. Start early and quantify your numbers Open a runway with your current lender and alternate lenders well before maturity. Gather current rent rolls, year-to-date and trailing-12 (T-12) operating