Commercial real estate loan: which broker fits your deal?
Multifamily, industrial, retail, office, mixed-use. 5 questions, no spam call.
Broker fit by deal type
| Deal profile | Best fit | Why |
|---|---|---|
| Multifamily $1-50M, agency-eligible | Janover | Freddie/Fannie agency focus; Small Balance specialty |
| Mid-market multi-asset, $3-50M | Lev Capital | Tech-driven matching across multiple lender types |
| CMBS / fixed-rate non-recourse | CommercialLoanDirect | Strong CMBS + life-co network |
| Institutional / $50M+ multi-deal | Northmarq | Top-tier mortgage brokerage; institutional capital sources |
What can swing 50-150 bps on your rate
- Agency vs CMBS vs bank vs debt fund - 25-100 bps spread depending on cycle
- DSCR target (above 1.30 cleaner pricing)
- Tier-1 vs tier-3 sponsor (experience matters)
- Recourse vs non-recourse (recourse buys 25-50 bps)
- Rate lock timing
FAQ
- Is a broker worth their fee?
- For deals under $5M, sometimes not. Above $5M, broker fee (typically 0.5-1%) is usually outweighed by rate improvement and structure optionality.
- Can I pre-qualify before listing a property?
- Yes. Most brokers will give a soft term sheet on the asset before you go to contract. Free; takes 3-5 business days.
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