Commercial Mortgage Refinancing
Explore refinancing options for eligible commercial properties and real estate portfolios.
What Is Commercial Mortgage Refinancing?
Commercial refinancing replaces an existing mortgage or debt arrangement with a new loan. A refinance may be considered to adjust financing terms, access property equity, address a maturing loan, or reorganize existing debt, depending on financial circumstances and lender requirements.
Reasons Borrowers Consider Refinancing
- Review current loan maturity and repayment structure
- Compare available fixed-rate and adjustable-rate terms
- Potentially improve cash flow based on overall costs
- Evaluate equity available for eligible property or business needs
- Consolidate certain eligible business obligations, subject to underwriting
Information to Have Ready
Property address and type, estimated value, current mortgage balance, rate and maturity, operating statements or rent roll when applicable, and the borrower's refinancing objective.
A lower payment does not necessarily mean lower total borrowing cost. Refinancing may involve closing expenses, prepayment penalties and changes to total interest expense.
Related Resources
See commercial loan document checklists and eligible property types.