Commercial Real Estate Loan Refinance

Commercial mortgage refinance programs available for most asset classes and property types.

• Multiple program options available - CMBS, conventional bank programs, life company
• Options available in most primary, secondary and tertiary markets

Learn more at the Commercial Loan Center

Refinance your apartment loan with CREFCOA and get the most competitive rates and terms to best meet
your individual needs and financing objectives.

• Great low interest rates
• Fixed rate terms up to 35-years
• No balloon or call options
• Options to lock rate at application
• Cash out up to 80% LTV
• Up to 10-years interest only
• Non-recourse options
• 45-60 day closings

Learn more at the Apartment Loan Center

What documents are required for a commercial mortgage refinance? The document requirements to refinance your commercial loan depend on the property type and usage (owner-operator or investor). Below are the standard documents CREFCOA requires to review your commercial mortgage loan request and determine program eligibility, pricing and terms.

Documents Required to Refinance Your Commercial Loan

• Most recent two years and year to date income and expense statements (P&L) for the subject property. Drop any capital or non-recurring expenses below the line, or provide a separate capital expense summary. This is important as most lenders don't include capex or non-recurring expenses in their NOI underwriting analysis.
• 12-month trailing P&L. A trailing P&L is a P&L broken out on a monthly basis over the past 12 months.
• Current detailed rent roll.
• Capital improvement summary of recent capital improvements, replacements, upgrades, etc.
• Interior and exterior photos, old appraisal or website.
• Personal financial statement for all key principals.
• Schedule of real estate owned for all key principals.
• Management company bio/resume if property is third party managed.
• For owner operator properties two years personal and business tax returns are required.
• A summary of salient facts, or complete our online commercial loan request summary.

CREFCOA provides commercial mortgage refinancing options nationwide; however, availability varies
depending on market size, asset type, loan size and strength of sponsorship.

• Alabama
• Alaska
• Arizona
• Arkansas
• California
• Colorado
• Connecticut
• Delaware
• Florida
• Georgia
• Hawaii
• Idaho
• Illinois
• Indiana
• Iowa
• Kansas
• Kentucky

• Louisiana
• Maine
• Maryland
• Massachusetts
• Michigan
• Minnesota
• Mississippi
• Missouri
• Montana
• Nebraska
• Nevada
• New Hampshire
• New Jersey
• New Mexico
• New York
• North Carolina
• North Dakota

• Ohio
• Oklahoma
• Oregon
• Pennsylvania
• Rhode Island
• South Carolina
• South Dakota
• Tennessee
• Texas
• Utah
• Vermont
• Virginia
• Washington
• Washington DC
• West Virginia
• Wisconsin
• Wyoming