Commercial Loan Direct (CLD) provides commercial real estate loans in the state of Iowa. Current commercial loan rates in Iowa range from 5% to 12.95%, 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 IA.
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.
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.
Iowa’s commercial lending market is stable, conservative, and relationship-driven. Capital is available through community and regional banks, but underwriting focuses on cash-flow reliability, borrower strength, and straightforward deal structures. Lenders tend to favor predictable local demand over aggressive growth or speculative strategies.
Owner-occupied properties are among the most lender-friendly transactions in Iowa, especially when backed by established operating businesses with consistent historical cash flow.
Industrial, agricultural, and manufacturing-related properties underwrite well when tied to food processing, equipment manufacturing, logistics, and regional supply chains.
Essential retail and service properties (medical offices, grocery-adjacent centers, fuel stations, local service businesses) are viewed favorably due to steady demand.
Office properties are underwritten cautiously, particularly older buildings or properties in smaller cities with limited tenant depth.
Value-add and transitional deals face tighter leverage and higher equity requirements, especially if they rely on aggressive lease-up or rent growth assumptions.
Speculative development is generally difficult to finance without significant pre-leasing or substantial borrower equity.
Des Moines Metro: The most lender-active market in the state, with better appetite for industrial, owner-occupied, and stabilized multifamily assets.
Cedar Rapids and Iowa City: Stable lending environment supported by education, healthcare, and manufacturing, with conservative underwriting standards.
Secondary and rural markets: Financing is highly relationship-driven, with lower leverage and emphasis on essential-use properties.
Community and regional banks dominate commercial lending. Relationships, deposit ties, and borrower reputation are key approval drivers.
Credit unions can be competitive for owner-occupied and smaller-balance loans.
National and institutional lenders participate selectively, usually for larger, stabilized assets in primary markets.
Cash-flow stability is prioritized over projected growth.
Tenant concentration risk is closely reviewed, particularly for single-tenant properties.
Sponsor experience and liquidity play a major role in credit decisions.
A strong Iowa loan request typically includes conservative leverage, stable historical NOI, strong guarantors, and a straightforward business plan.
Deals built on aggressive assumptions or rapid repositioning strategies tend to struggle.
Iowa is a capital-available but conservative lending market. Owner-occupied, industrial, and essential-use properties offer the clearest paths to financing, while office and speculative projects face tighter underwriting.
We are proud to be serving the state of Iowa. Here are our commercial loan statistics for this state.
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Commercial loan direct provides services in the following Iowa 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 Iowa economic reports to get a better understanding of your market.
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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
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