Commercial Real Estate Financing in Colorado

Commercial Loan Direct (CLD) provides commercial real estate loans in the state of Colorado. Current commercial loan rates in Colorado range from 4.8% to 12.75%, depending on the loan program. CLD is a national commercial mortgage banker offering aggressively priced programs and superb service. CLD originates loans for its parent company CLD Financial which provides a wide variety of lending vehicles. Our company is currently targeting owner occupied and investment properties over $1 Million in the state of CO.

Colorado Commercial Loan Rates

Loan Types Rates LTV Loan Amount Occupancy
Conventional 4.8% - 8.75% 80% $1,000,000+ Investment + Owner Occupied
Conduit / CMBS 5.7% - 7.66% 75% $2,000,000+ Investment
Insurance 5.1% - 8.48% 75% $5,000,000+ Investment + Owner Occupied
FHA / HUD 4.74% - 6.09% 83.3% $5,000,000+ Investment
USDA 5.25% - 9.6% 85% $1,000,000+ Investment + Owner Occupied
Bridge 5.75% - 12.75% 80% $1,500,000+ Investment
Construction 5.5% - 8.75% 83.3% $1,000,000+ Investment
SBA 5.25% - 8.75% 85% - 90% $1,000,000+ Owner Occupied

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.

Types of Commercial Loans in Colorado

Investment Property Mortgages

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 Mortgages

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.

Commercial loan landscape in Colorado (high-level snapshot)

Colorado’s commercial lending market is active but increasingly selective. Lenders remain interested in the state’s long-term growth and quality-of-life fundamentals, but underwriting has tightened, with greater emphasis on cash-flow durability, expense control, and exit liquidity. The difference between financeable and non-financeable assets has widened, particularly in higher-cost Front Range markets.

What lenders are most comfortable financing

Industrial and logistics assets along the Front Range (Denver, Aurora, Colorado Springs, and north toward Fort Collins) remain the most lender-friendly property type. Modern facilities with strong tenant demand and longer lease terms underwrite best.

Owner-occupied properties are consistently attractive to banks and credit unions, especially when the operating business has stable historical cash flow and experienced ownership.

Stabilized multifamily can finance when operations are clean and well-documented. Workforce and mid-market housing often underwrite better than luxury Class A properties in oversupplied submarkets.

Service-based and necessity retail (medical, grocery-adjacent, local services) remain financeable when occupancy and tenant quality are strong.

Where underwriting gets tougher

Office is the most challenged asset class, particularly in Downtown Denver and suburban office corridors. Elevated vacancy and slower leasing have pushed lenders toward lower leverage and stricter terms.

Value-add and transitional deals face heavier scrutiny. Lenders discount projected rent growth and often require more equity, larger reserves, and stronger guarantor liquidity.

New-construction multifamily is underwritten cautiously due to recent supply pressure and slower rent growth in some Front Range submarkets.

Market-by-market dynamics (how lenders tend to think)

Denver Metro: Deepest lender pool in the state, but also the most data-driven and conservative underwriting environment, especially for office and high-priced multifamily assets.

Colorado Springs: Viewed as more affordable and stable, with better lender appetite for owner-occupied, industrial, and workforce housing.

Northern Colorado (Fort Collins, Greeley): Lenders focus on tenant durability and sponsor experience, often capping leverage slightly lower than Denver.

Mountain resort markets: Financing is highly selective. Lenders closely examine seasonality, operating volatility, and exit liquidity, typically requiring lower leverage and higher reserves.

Who is lending in Colorado (and what that means for terms)

Regional and national banks are active but conservative, often favoring relationship-driven borrowers and lower-risk asset types.

Credit unions can be competitive on owner-occupied and smaller-balance loans.

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, usually at higher cost.

Key underwriting themes unique to Colorado

Expense sensitivity is high. Insurance, labor, utilities, and maintenance costs are stressed upward in lender models.

Environmental and zoning considerations (water rights, land-use restrictions, wildfire exposure in some areas) are carefully reviewed.

Sponsor liquidity and experience carry significant weight, particularly in higher-priced or seasonal markets.

What “good” looks like to a Colorado lender right now

A strong Colorado loan request typically includes conservative leverage, defensible historical NOI, stable tenancy, and experienced sponsorship.

Deals built on aggressive rent growth or short-term exit assumptions tend to struggle.

Bottom line

Colorado is a capital-available but underwriting-driven market. Industrial and owner-occupied deals are the easiest paths to financing, while office, value-add, and resort-oriented assets face tighter terms.

Locations Served in Colorado

We are proud to be serving the state of Colorado. Here are our commercial loan statistics for this state.

Colorado Cities and Towns Served

75

Lending Cities

Commercial loan direct provides services in the following Colorado 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 Colorado economic reports to get a better understanding of your market.

  • Acres Green
  • Adams County
  • Air Force Academy
  • Akron
  • Alamosa
  • Alamosa County
  • Alamosa East
  • Applewood
  • Arapahoe County
  • Archuleta County
  • Aristocrat Ranchettes
  • Arvada
  • Aspen
  • Ault
  • Aurora
  • Avon
  • Baca County
  • Basalt
  • Battlement Mesa
  • Bayfield
  • Bennett
  • Bent County
  • Berkley
  • Berthoud
  • Black Forest
  • Boulder
  • Boulder County
  • Breckenridge
  • Brighton
  • Broomfield
  • Broomfield County
  • Brush
  • Buena Vista
  • Burlington
  • Byers
  • Campion
  • Cañon City
  • Carbondale
  • Carriage Club
  • Cascade-Chipita Park
  • Castle Pines
  • Castle Pines North
  • Castle Rock
  • Castlewood
  • Cedaredge
  • Centennial
  • Center
  • Central City
  • Chaffee County
  • Cherry Creek
  • Cherry Hills Village
  • Cheyenne County
  • Cheyenne Wells
  • Cimarron Hills
  • Clear Creek County
  • Clifton
  • Coal Creek
  • Colorado City
  • Colorado Springs
  • Columbine
  • Columbine Valley
  • Commerce City
  • Conejos
  • Conejos County
  • Cortez
  • Costilla County
  • Craig
  • Creede
  • Crested Butte
  • Cripple Creek
  • Crowley County
  • Custer County
  • Dacono
  • Del Norte
  • Delta
  • Delta County
  • Denver
  • Denver County
  • Derby
  • Dolores County
  • Douglas County
  • Dove Creek
  • Dove Valley
  • Durango
  • Eads
  • Eagle
  • Eagle County
  • Eaton
  • Edgewater
  • Edwards
  • El Jebel
  • El Paso County
  • Elbert County
  • Elizabeth
  • Ellicott
  • Englewood
  • Erie
  • Estes Park
  • Evans
  • Evergreen
  • Fairplay
  • Federal Heights
  • Firestone
  • Florence
  • Fort Carson
  • Fort Collins
  • Fort Lupton
  • Fort Morgan
  • Fountain
  • Fowler
  • Fraser
  • Frederick
  • Fremont County
  • Frisco
  • Fruita
  • Fruitvale
  • Garfield County
  • Genesee
  • Georgetown
  • Gilcrest
  • Gilpin County
  • Glendale
  • Gleneagle
  • Glenwood Springs
  • Golden
  • Granby
  • Grand County
  • Grand Junction
  • Greeley
  • Greenwood Village
  • Gunbarrel
  • Gunnison
  • Gunnison County
  • Gypsum
  • Hayden
  • Highlands Ranch
  • Hinsdale County
  • Holly Hills
  • Holyoke
  • Hot Sulphur Springs
  • Hudson
  • Huerfano County
  • Hugo
  • Idaho Springs
  • Indian Hills
  • Inverness
  • Jackson County
  • Jefferson County
  • Johnstown
  • Julesburg
  • Keenesburg
  • Ken Caryl
  • Kersey
  • Keystone
  • Kiowa
  • Kiowa County
  • Kit Carson County
  • Kittredge
  • Kremmling
  • La Junta
  • La Plata County
  • La Salle
  • Lafayette
  • Lake City
  • Lake County
  • Lakewood
  • Lamar
  • Laporte
  • Larimer County
  • Las Animas
  • Las Animas County
  • Leadville
  • Leadville North
  • Limon
  • Lincoln County
  • Lincoln Park
  • Littleton
  • Lochbuie
  • Logan County
  • Loma
  • Lone Tree
  • Longmont
  • Louisville
  • Loveland
  • Lyons
  • Mancos
  • Manitou Springs
  • Mead
  • Meeker
  • Meridian
  • Mesa County
  • Milliken
  • Mineral County
  • Minturn
  • Moffat County
  • Monte Vista
  • Montezuma County
  • Montrose
  • Montrose County
  • Monument
  • Morgan County
  • Mountain Village
  • Nederland
  • New Castle
  • Niwot
  • Northglenn
  • Olathe
  • Orchard City
  • Orchard Mesa
  • Ordway
  • Otero County
  • Ouray
  • Ouray County
  • Pagosa Springs
  • Palisade
  • Palmer Lake
  • Paonia
  • Parachute
  • Park County
  • Parker
  • Penrose
  • Perry Park
  • Phillips County
  • Pitkin County
  • Platteville
  • Ponderosa Park
  • Prowers County
  • Pueblo
  • Pueblo County
  • Pueblo West
  • Rangely
  • Redlands
  • Rifle
  • Rio Blanco County
  • Rio Grande County
  • Rocky Ford
  • Routt County
  • Roxborough Park
  • Saguache
  • Saguache County
  • Salida
  • San Juan County
  • San Luis
  • San Miguel County
  • Security-Widefield
  • Sedgwick County
  • Severance
  • Shaw Heights
  • Sheridan
  • Sherrelwood
  • Silt
  • Silverthorne
  • Silverton
  • Snowmass Village
  • Southglenn
  • Springfield
  • Steamboat Springs
  • Sterling
  • Stonegate
  • Strasburg
  • Stratmoor
  • Summit County
  • Superior
  • Teller County
  • Telluride
  • The Pinery
  • Thornton
  • Todd Creek
  • Towaoc
  • Trinidad
  • Twin Lakes
  • Upper Bear Creek
  • Vail
  • Walden
  • Walsenburg
  • Washington County
  • Welby
  • Weld County
  • Wellington
  • West Pleasant View
  • Westcliffe
  • Westminster
  • Wheat Ridge
  • Windsor
  • Woodland Park
  • Woodmoor
  • Wray
  • Yuma
  • Yuma County

Commercial Loan FAQs in Colorado

Commercial interest rates in Colorado vary based on loan type, property type, loan-to-value, debt service coverage ratio, borrower strength, and market conditions. They range from approximately 4.8% to 12.75%.

Borrowers in Colorado can access Conventional, CMBS/Conduit, Insurance, FHA/HUD, USDA, Bridge, Construction, and SBA financing based on property type, leverage, and occupancy.

Commercial loan rates in Colorado depend on loan type, property cash flow, debt service coverage ratio, loan-to-value, borrower strength, and market conditions.

Yes. Owner-occupied financing is available in Colorado, including Conventional, Insurance, SBA, USDA, and selected agency programs when eligibility requirements are met.

Yes. Refinance options in Colorado include rate-and-term and cash-out structures, subject to underwriting, property performance, and lender program guidelines.

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