OUR FAST & EASY PROCESS
Select a loan program and submit your request. ICS prices your loan instantly, issuing a Good Faith Estimate, including estimated rate, terms, and closing costs.
Your priced loan, including asking rate and terms is listed to the ICS Marketplace for hundreds of lenders to review through one single point of contact, ICS.
Lenders submit offers to ICS that either meet, beat, or counter-offer your asking rate and terms. You select the most competitive loan offer.
As a direct correspondent lending company, we ensure timely closings and the most competitive commercial mortgage rates available through one single point of contact.
Commercial Loan Rates
Commercial loan interest rates are based off various indexes, most commonly, the Federal Prime Rate and 6-Month Libor. Commercial mortgage rates can move quickly with the market so many investors are constantly trying to stay on top of the most recent interest rates. ICS updates our commercial loan interest rates daily.
What Are the Current Commercial Loan Rates?
Currently commercial loan rates can vary depending on the loan product and property type. All commercial loan quotes depend on several underwriting factors including the property and borrower location, loan-to-value (LTV), debt service coverage ratio (DSCR), property usage (investment or owner-occupied), property type, and the borrower’s financial strength.
What are the Different Types of Commercial Loans?
There are many types of commercial loans available in the United States, and the type of loan that a borrower should consider depends on several factors including investment strategy, loan features, other properties in your portfolio, credit availability for future needs, any pertinent tax considerations, and future economic conditions. The main types of commercial loans that investors use are the following:
Conventional loans offered by FDIC-insured institutions such as banks or credit unions. They typically require a personal guarantee and an underwriting of the global cash flow of the guarantors, including personal and business tax returns. This loan product can be used for investment or owner-occupied properties.