Commercial Loan Direct (CLD) provides commercial real estate loans in the state of California. Current commercial loan rates in California range from 4.73% to 12.75%, depending on the loan program.
For more in-depth commercial interest rates, please visit our Commercial Loan Rates page.
Note: The commercial mortgage rates displayed in this website should be used as a guideline and do not represent a commitment to lend. Commercial Loan Direct and CLD Financial, LLC are not liable for any commercial mortgage interest rate or data entry errors that might affect the displayed commercial loan rates. Commercial loan rates may change at any time and without notice.
California Interest Rates starting at 4.73%. Tell us about your property and financing goals. We will match your request with lending options based on program fit and current market conditions.
The types of mortgages available for these types of properties are Conventional, CMBS / Conduit, Insurance, and Agency (FHA / HUD and USDA) products. Bridge and/or Construction mortgages are also available on a case-by-case basis in order to reposition, stabilize or construct buildings. Commercial real estate investment properties can include office, retail, industrial/warehouse, self-storage, healthcare (medical office, skilled nursing facility, memory care, hospitals), hospitality, (hotel, motel, resort), and mixed use.
Owner-Occupied commercial real estate properties in which the owner occupies at least 50% of the premises and can include office, retail, industrial/warehouse, self-storage, healthcare (medical office, skilled nursing facility, memory care, hospital), hospitality (hotel, motel, resort), mixed use, or any other type of commercial property. The types of mortgages available for owner-occupied buildings include Conventional, Insurance, and Agency programs including FHA / HUD, SBA, and USDA. Construction mortgages are also available on a case-by-case basis in order to develop or reposition a property for the owner's use.
California’s commercial lending market is large, capital-rich, and highly fragmented, but also one of the most conservative in underwriting. Capital is available across banks, credit unions, life companies, and non-bank lenders, yet approvals hinge on cash-flow durability, regulatory risk, and exit liquidity. The gap between “financeable” and “non-financeable” assets is wider here than in most states.
Industrial and logistics remain the strongest asset class statewide, particularly in infill Southern California, the Bay Area, and key Central Valley distribution corridors. Even here, lenders are cautious on leverage and prefer modern facilities with strong tenant demand.
Owner-occupied properties are consistently lender-friendly, especially when the operating business is profitable, well-documented, and not heavily exposed to regulatory or labor volatility.
Stabilized multifamily can still finance well when operations are clean, but lenders are very sensitive to rent control, local ordinances, and expense growth. Class B and workforce housing often underwrite better than high-end Class A in some submarkets.
Office is the most difficult asset class statewide. Many lenders have effectively paused new office exposure unless the building is top-tier, well-leased, and in a prime submarket. Older office and suburban campuses face extremely low leverage or outright denials.
Value-add and transitional deals face heavy scrutiny. California lenders discount projected rent growth aggressively and require more equity, more reserves, and stronger borrower liquidity.
Regulatory-heavy assets (certain housing types, hospitality with labor exposure, or properties in jurisdictions with strict tenant protections) often see tighter terms due to perceived political and legal risk.
Southern California (Los Angeles, Orange County, Inland Empire): The deepest lender competition exists here, especially for industrial. However, underwriting is extremely data-driven and leverage remains conservative due to pricing and regulatory risk.
Bay Area: Strong long-term fundamentals, but lenders are cautious due to office oversupply, tech-driven demand swings, and high property values. Industrial and well-run multifamily remain financeable.
Central Valley: Viewed as more affordable and logistics-friendly, but lenders price in liquidity risk and often cap leverage lower than coastal metros.
Secondary and tertiary markets: Financing is available, but sponsor experience and local market knowledge are critical. Many lenders prefer “plain vanilla” deals only.
Regional and national banks are active but conservative, often favoring existing relationships and lower-risk property types.
Credit unions can be competitive for owner-occupied and smaller-balance loans, sometimes offering better terms than banks for strong borrowers.
Life companies and institutional lenders focus on large, stabilized assets with long-term income visibility.
Debt funds and non-bank lenders fill gaps for transitional deals or higher leverage needs, typically at higher cost and tighter structure.
Regulatory and legal risk is a core underwriting variable. Rent control, eviction rules, zoning, and environmental regulations directly impact lender appetite.
Expense sensitivity is high. Insurance, utilities, labor, and compliance costs are closely scrutinized and often stressed upward.
Liquidity and sponsor strength matter as much as property metrics. Lenders expect meaningful post-close liquidity and strong guarantor balance sheets.
A strong California loan request usually features conservative leverage, defensible historical NOI, strong sponsorship, and a clear explanation of how regulatory and operating risks are managed.
Deals that rely on aggressive rent growth, fast exits, or regulatory changes tend to struggle.
California is a capital-available but highly filtered lending environment. Industrial and owner-occupied deals remain the easiest paths to financing, while office and heavily regulated assets face steep hurdles.
We are proud to be serving the state of California. Here are our commercial loan statistics for this state.
435
Commercial loan direct provides services in the following California cities. Please note we may be able to provide services in other cities as well by request. Rates are dependent on the market in your locale, feel free to use the provided California economic reports to get a better understanding of your market.
Get a free commercial loan quote. This process does not affect your credit score.
What Clients Say About Us
Fernando and Leanne are amazing. I had many small businesses that need refinancing over the years. I have met many Brokers and there is always a catch. ALWAYS!… Use them! Once you do you will work with them forever
- Nirav Patel
If you searching for a great experience Commercial Loan Direct is the place. Leanne took care of me and honestly had the greatest experience. She handled all of my needs in a smooth and timely manner listened and addressed any concerns I had about the process and was very patient. I can be quite a handful at times and Leanne was so professional and kind hearted. I'd 100% recommend this company. Thank you again.
- Vincent Arias
We were in unfamiliar territory when it came to refinancing. Commercial Loan Direct streamlined the whole process for us. Leann connected us with lenders that were the right fit for us. The money and time we saved was so worth it. I highly recommend them
- Rita Pisarski
We found an account with the email address you provided. Let's get you logged in by putting your password below.