Track trends, volatility, and plan proactive refinancing. Compare commercial real estate loan rates locally and evaluate commercial refinance options for your portfolio.
Explore other property types:Office,Industrial,Retail,Mixed‑use,Multifamily.See the hub: Multifamily refinance guide
Base Rate (Market)
6.29%
Trend: rising
Volatility: high
Property-Type Adjustment
-5 bps
For Multifamily underwriting risk profile
Volatility Score
100
Last change: 200 bps
Updated: 8/14/2025, 12:00:00 AM
Planning windows
- 6–18 months: monitor spread and lender appetite; align financials and DSCR.
- 3–6 months: rate locks and term sheets; finalize docs.
- Near/post maturity: urgent actions to avoid penalties or adverse terms.
Frequently asked questions
FAQs
When should I start the refinance process in New York?
Begin 6–18 months ahead to align DSCR and negotiate terms. Use 3–6 months for locks and diligence.
What DSCR do lenders target for Multifamily?
Many lenders target ~1.25× for stabilized assets. Requirements vary by lender and market.
How do I compare lender types?
Banks favor relationship and structure; debt funds trade speed and proceeds for price; life companies prefer core assets.
Do prepayment penalties apply?
Often yes (yield maintenance/defeasance). Weigh penalties vs. savings from lower rates and better terms.
How volatile are rates now?
Volatility reflects macro data. Track daily moves and act on favorable dislocations, not averages.
Glossary
Glossary
- DSCRDebt Service Coverage Ratio: NOI divided by annual debt service.
- LTVLoan-to-Value ratio: loan amount divided by appraised value.
- SOFRSecured Overnight Financing Rate, a common floating-rate benchmark.
- PrepaymentPenalty or cost for paying off a loan early.