Commercial Mortgage Rates

Overview of financing costs & commercial mortgage rates in Minneapolis/St Paul

We have a number of preferred vendors for all of your financing needs. Below is a snapshot of commercial mortgage rates in Minneapolis/St Paul, MN.

October 2021

Current Rates

Loan to Value

55% 65% 75-80%
Multifamily 2.95 – 3.15% 3.15 – 3.35% 3.35 – 3.55%
Industrial 2.95 – 3.15% 3.15 – 3.35% 3.35 – 3.55%
Office 3.25 – 3.45% 3.45 – 3.65% 3.65 – 3.85%
Retail 3.55- 3.75% 3.75 – 3.95% 3.95 – 4.15%

Current Indexes

5-YR UST 7-YR UST 10-YR UST 1-MO LIBOR
0.95% 1.28% 1.48% 0.08%

Recent Quotes

 AmountLTVTerm/AmRate
Multifamily$10,000,00075%12/303.33%
Industrial$4,000,00075%10/253%
Office$2,000,00080%10/253.6%
Retail$6,000,00070%5/253.5%

 

*The rates above represent various lenders’ fixed-rate loan programs. Interest rates can vary and change daily. Please connect with your originator for more information. Data was compiled from various sources.

 

We are NOT a bank, mortgage broker, loan originator, or commercial lender and do not provide lending services of any kind. We provide a referral to an expert commercial property financing consultant who can help you evaluate your options. Their advisors specialize in assisting Minnesota commercial real estate, office, retail, & industrial property owners and buyers.