Commercial Loan Direct (CLD) provides commercial real estate loans in the state of Massachusetts. Current commercial loan rates in Massachusetts 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 MA.
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.
Massachusetts has a capital-rich but highly selective commercial lending environment. Lenders are active across banks, credit unions, and institutional capital, but underwriting is conservative due to high property values, regulatory complexity, and operating cost pressure. Successful deals emphasize stability, strong sponsorship, and defensible cash flow rather than aggressive growth assumptions.
Life sciences, medical, and healthcare-related properties are among the most lender-favored asset classes, particularly in Greater Boston and Cambridge-adjacent markets. Durable demand and institutional tenancy support underwriting.
Owner-occupied properties remain highly financeable, especially when backed by established professional, medical, or service businesses with consistent historical cash flow.
Stabilized multifamily underwrites well when operations are clean and expense growth is controlled. Workforce and mid-market housing often finance more smoothly than luxury Class A assets.
Industrial and flex assets, particularly modern facilities near major transportation corridors, continue to attract lender interest.
Office is underwritten cautiously, especially traditional office buildings not tied to life sciences or medical use. Older suburban office product faces lower leverage and tighter terms.
Value-add and redevelopment deals require more equity and stronger execution risk mitigation due to construction costs, entitlement complexity, and regulatory oversight.
Hospitality receives conservative underwriting because of seasonality, labor constraints, and sensitivity to economic cycles.
Greater Boston / Cambridge: The deepest lender pool in the state, with strongest appetite for life sciences, medical, stabilized multifamily, and owner-occupied assets.
Suburban Boston: Financing is available for stabilized properties, though lenders emphasize tenant quality and long-term demand.
Western and Central Massachusetts: Lending is more relationship-driven, with conservative leverage and focus on essential-use properties.
Regional and national banks are active but selective, often favoring relationship borrowers and lower-risk asset types.
Credit unions can be competitive for 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 participate in transitional or complex deals, typically at higher cost.
Regulatory and zoning oversight is a core underwriting consideration and can materially affect project feasibility.
Expense pressure—including taxes, labor, utilities, and insurance—is closely stressed in lender models.
Sponsor liquidity and experience often carry as much weight as property-level metrics.
A strong Massachusetts loan request typically includes conservative leverage, defensible historical NOI, stable tenancy, and experienced sponsorship.
Deals reliant on aggressive rent growth, rapid repositioning, or regulatory changes tend to struggle.
Massachusetts is a capital-available but highly filtered lending market. Life sciences, owner-occupied, stabilized multifamily, and industrial assets offer the clearest paths to financing, while traditional office, hospitality, and complex redevelopment projects face tighter underwriting.
We are proud to be serving the state of Massachusetts. Here are our commercial loan statistics for this state.
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Commercial loan direct provides services in the following Massachusetts 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 Massachusetts 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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