Commercial Loan Direct (CLD) provides commercial real estate loans in New York. Current commercial loan rates in New York 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. If you are looking to finance or refinance a multifamily property, please visit our New York multifamily loans 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.
New York 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.
New York has a capital-rich but highly segmented commercial lending market. Financing is widely available, but underwriting varies sharply by asset type, borough or submarket, and regulatory exposure. Lenders are active, yet conservative, with a strong preference for proven cash flow, experienced sponsorship, and assets that perform well even under regulatory and expense pressure.
Stabilized multifamily remains one of the most financeable asset classes, particularly workforce and mid-market housing. Lenders focus heavily on operating history, rent regulation compliance, and expense control.
Owner-occupied properties underwrite well, especially when backed by established professional, medical, or service businesses with consistent financial performance.
Industrial and logistics assets are strongly favored, particularly in outer boroughs, Long Island, and major distribution corridors. Modern facilities with durable tenants attract the best terms.
Medical, education, and institutional-use properties often receive favorable consideration due to stable demand and long-term tenancy.
Office is the most challenged asset class, especially in Manhattan and older suburban corridors. Elevated vacancy, downsizing, and uncertain long-term demand have pushed many lenders to reduce exposure or require very low leverage.
Value-add and transitional deals face heavy scrutiny. Lenders aggressively discount projected rent growth and require more equity, more reserves, and clear downside protection.
Rent-regulated assets are underwritten conservatively due to limited revenue growth, regulatory risk, and rising operating expenses.
New York City: The deepest lender pool with the most stringent underwriting. Multifamily and industrial are preferred, while office remains the most restrictive category.
Outer boroughs: Often viewed more favorably for industrial, multifamily, and owner-occupied deals compared to Manhattan core assets.
Long Island: Strong lender interest in owner-occupied, industrial, and essential-use properties, with conservative leverage.
Upstate New York: Financing is more relationship-driven, with lower leverage and emphasis on stable tenancy and essential-use properties.
Regional and national banks are active but highly selective, often favoring existing relationships and lower-risk assets.
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 play a significant role, especially for transitional deals, refinances, and complex structures, typically at higher cost.
Regulatory risk is a core underwriting variable, particularly for multifamily and mixed-use assets.
Expense pressure—including taxes, insurance, labor, and compliance costs—is closely stressed in lender models.
Liquidity and exit risk are heavily evaluated, especially for office and highly specialized assets.
A strong New York loan request typically includes conservative leverage, defensible historical NOI, experienced sponsorship, and a clear plan for managing regulatory and operating risks.
Deals dependent on aggressive rent growth, rapid repositioning, or office recovery assumptions tend to struggle.
New York is a capital-available but highly filtered lending market. Stabilized multifamily, industrial, owner-occupied, and institutional-use properties offer the clearest paths to financing, while office, heavily regulated assets, and speculative projects face the tightest underwriting.
We are proud to be serving the state of New York. Here are our commercial loan statistics for this state.
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Commercial loan direct provides services in the following New York 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.
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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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