Commercial Real Estate Financing in Wisconsin

Commercial Loan Direct (CLD) provides commercial real estate loans in the state of Wisconsin. Current commercial loan rates in Wisconsin 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 WI.

Wisconsin Commercial Loan Rates

Loan Types Rates LTV Loan Amount Occupancy
Conventional 5% - 8.95% 80% $1,000,000+ Investment + Owner Occupied
Conduit / CMBS 5.9% - 7.86% 75% $2,000,000+ Investment
Insurance 5.3% - 8.68% 75% $5,000,000+ Investment + Owner Occupied
FHA / HUD 4.94% - 6.29% 83.3% $5,000,000+ Investment
USDA 5.45% - 9.8% 85% $1,000,000+ Investment + Owner Occupied
Bridge 5.95% - 12.95% 80% $1,500,000+ Investment
Construction 5.7% - 8.95% 83.3% $1,000,000+ Investment
SBA 5.45% - 8.95% 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 Wisconsin

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 Wisconsin (high-level snapshot)

Wisconsin’s commercial lending market is stable, well-capitalized, and underwriting-driven. Capital is available through community, regional, and national lenders, but approvals hinge on cash-flow durability, expense discipline, and borrower strength. Lenders favor conservative structures and proven operators over aggressive growth strategies.

What lenders are most comfortable financing

Industrial and manufacturing-related properties are among the most lender-favored asset classes statewide, particularly those tied to food processing, equipment manufacturing, and regional logistics. Stable tenancy and long-term use cases support underwriting.

Owner-occupied properties remain highly financeable, especially when backed by established operating businesses with consistent historical cash flow.

Stabilized multifamily can finance well when occupancy and collections are solid. Workforce and mid-market housing typically underwrite better than luxury Class A product.

Essential retail and service properties (medical offices, grocery-anchored centers, professional services) continue to attract lender interest due to steady demand.

Where underwriting gets tougher

Office is underwritten cautiously, particularly older suburban buildings and assets in smaller cities with limited tenant depth.

Value-add and transitional deals face tighter leverage and higher equity requirements, especially when reliant on aggressive lease-up or rent growth assumptions.

Hospitality is financeable but conservative underwriting applies due to seasonality and exposure to tourism.

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

Milwaukee Metro: The deepest lender pool in the state, with strong appetite for industrial, owner-occupied, and stabilized multifamily assets.

Madison: Supported by education, healthcare, and government employment, with lender interest in multifamily and essential-use properties.

Green Bay and Fox Valley: Manufacturing and logistics activity supports industrial lending.

Secondary and rural markets: Financing is more relationship-driven, with conservative leverage and emphasis on essential-use properties.

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

Community and regional banks are very active and relationship-focused, often offering competitive terms for stabilized assets.

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

National and institutional lenders participate selectively, typically for larger, stabilized assets in primary markets.

Debt funds and non-bank lenders fill gaps for transitional or higher-leverage deals, usually at higher cost.

Key underwriting themes unique to Wisconsin

Expense realism, including utilities, maintenance, and labor in colder climates, is closely stressed.

Tenant quality and lease durability play a major role in credit decisions.

Sponsor experience and liquidity often matter as much as property-level metrics.

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

A strong Wisconsin loan request typically includes conservative leverage, stable historical NOI, experienced sponsorship, and clear alignment with local economic demand.

Deals built on aggressive rent growth, rapid repositioning, or speculative assumptions tend to struggle.

Bottom line

Wisconsin is a capital-available but underwriting-driven lending market. Industrial, owner-occupied, stabilized multifamily, and essential-use properties offer the clearest paths to financing, while office, hospitality, and transitional projects face tighter terms.

Locations Served in Wisconsin

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

Wisconsin Cities and Towns Served

53

Lending Cities

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

  • Abbotsford
  • Adams
  • Adams County
  • Addison
  • Albany
  • Algoma
  • Allouez
  • Alma
  • Alto
  • Altoona
  • Amery
  • Amherst
  • Antigo
  • Appleton
  • Arcadia
  • Ashford
  • Ashland
  • Ashland County
  • Ashwaubenon
  • Athens
  • Augusta
  • Aztalan
  • Baldwin
  • Balsam Lake
  • Bangor
  • Baraboo
  • Barneveld
  • Barron
  • Barron County
  • Barton
  • Bayfield County
  • Bayside
  • Beaver Dam
  • Belgium
  • Belle Plaine
  • Belleville
  • Bellevue
  • Beloit
  • Berlin
  • Bevent
  • Big Bend
  • Black Creek
  • Black Earth
  • Black River Falls
  • Blair
  • Bloomer
  • Bohners Lake
  • Bonduel
  • Boscobel
  • Boyceville
  • Brice Prairie
  • Brillion
  • Bristol
  • Brodhead
  • Brookfield
  • Brooklyn
  • Brothertown
  • Brown County
  • Brown Deer
  • Browns Lake
  • Brussels
  • Buffalo County
  • Burlington
  • Burnett County
  • Butler
  • Cadott
  • Caledonia
  • Calumet County
  • Cambridge
  • Cameron
  • Camp Lake
  • Campbellsport
  • Cashton
  • Cato
  • Cedar Grove
  • Cedarburg
  • Chetek
  • Chilton
  • Chippewa County
  • Chippewa Falls
  • Clark County
  • Clear Lake
  • Cleveland
  • Clinton
  • Clintonville
  • Colby
  • Colfax
  • Columbia County
  • Columbus
  • Combined Locks
  • Como
  • Concord
  • Cooperstown
  • Cornell
  • Cottage Grove
  • Crandon
  • Crawford County
  • Cross Plains
  • Cuba City
  • Cudahy
  • Cumberland
  • Dakota
  • Dane
  • Dane County
  • Darien
  • Darlington
  • De Forest
  • De Pere
  • Decatur
  • Deerfield
  • Delafield
  • Delavan
  • Delavan Lake
  • Denmark
  • Dickeyville
  • Dodge County
  • Dodgeville
  • Door County
  • Douglas County
  • Dousman
  • Dunn County
  • Durand
  • Eagle
  • Eagle Lake
  • Eagle River
  • East Troy
  • Easton
  • Eau Claire
  • Eau Claire County
  • Edgar
  • Edgerton
  • Eldorado
  • Elkhorn
  • Ellsworth
  • Elm Grove
  • Elroy
  • Evansville
  • Evergreen
  • Fall Creek
  • Fall River
  • Fennimore
  • Fitchburg
  • Florence
  • Florence County
  • Fond du Lac
  • Fond du Lac County
  • Fontana
  • Forest County
  • Fort Atkinson
  • Fox Lake
  • Fox Point
  • Franklin
  • Franksville
  • Frederic
  • Fredonia
  • French Island
  • Friendship
  • Galesville
  • Genoa City
  • Germantown
  • Gillett
  • Glendale
  • Glenmore
  • Glenwood City
  • Grafton
  • Grant County
  • Grantsburg
  • Green Bay
  • Green County
  • Green Lake
  • Green Lake County
  • Greendale
  • Greenfield
  • Greenwood
  • Hales Corners
  • Hammond
  • Harrison
  • Hartford
  • Hartland
  • Hayward
  • Hazel Green
  • Hilbert
  • Hillsboro
  • Hobart
  • Holmen
  • Horicon
  • Hortonville
  • Howard
  • Howards Grove
  • Hudson
  • Hurley
  • Hustisford
  • Independence
  • Iola
  • Iowa County
  • Iron County
  • Ixonia
  • Jackson
  • Jackson County
  • Janesville
  • Jefferson
  • Jefferson County
  • Johnson Creek
  • Juneau
  • Juneau County
  • Kaukauna
  • Kenosha
  • Kenosha County
  • Keshena
  • Kewaskum
  • Kewaunee
  • Kewaunee County
  • Kiel
  • Kimberly
  • King
  • Kohler
  • Kronenwetter
  • La Crosse
  • La Crosse County
  • Lac du Flambeau
  • Ladysmith
  • Lafayette County
  • Lake Delton
  • Lake Geneva
  • Lake Hallie
  • Lake Koshkonong
  • Lake Mills
  • Lake Nebagamon
  • Lake Ripley
  • Lake Wazeecha
  • Lake Wisconsin
  • Lake Wissota
  • Lamartine
  • Lancaster
  • Langlade County
  • Lannon
  • Legend Lake
  • Lincoln County
  • Little Chute
  • Little Round Lake
  • Lodi
  • Lomira
  • Loyal
  • Luck
  • Luxemburg
  • Madison
  • Maine
  • Manawa
  • Manchester
  • Manitowoc
  • Manitowoc County
  • Maple Bluff
  • Marathon
  • Marathon County
  • Marinette
  • Marinette County
  • Marion
  • Markesan
  • Marquette County
  • Marshall
  • Marshfield
  • Mauston
  • Mayville
  • Mazomanie
  • McFarland
  • Medford
  • Menasha
  • Menominee County
  • Menomonee Falls
  • Menomonie
  • Mequon
  • Merrill
  • Merton
  • Middleton
  • Milford
  • Milton
  • Milwaukee
  • Milwaukee County
  • Mineral Point
  • Mishicot
  • Mondovi
  • Monona
  • Monroe
  • Monroe County
  • Montello
  • Monticello
  • Mosinee
  • Mount Horeb
  • Mount Morris
  • Mount Pleasant
  • Mukwonago
  • Muscoda
  • Muskego
  • Nashotah
  • Nashville
  • Neenah
  • Neillsville
  • Nekoosa
  • New Berlin
  • New Glarus
  • New Holstein
  • New Lisbon
  • New London
  • New Richmond
  • Newburg
  • Niagara
  • North Fond du Lac
  • North Hudson
  • North La Crosse
  • North Prairie
  • Oak Creek
  • Oakfield
  • Oconomowoc
  • Oconto
  • Oconto County
  • Oconto Falls
  • Okauchee Lake
  • Omro
  • Onalaska
  • Oneida
  • Oneida County
  • Oostburg
  • Oregon
  • Orfordville
  • Osceola
  • Oshkosh
  • Osseo
  • Outagamie County
  • Ozaukee County
  • Paddock Lake
  • Palmyra
  • Pardeeville
  • Park Falls
  • Pell Lake
  • Pepin County
  • Peshtigo
  • Pewaukee
  • Phillips
  • Pierce County
  • Pittsfield
  • Platteville
  • Pleasant Prairie
  • Plover
  • Plymouth
  • Polk County
  • Port Edwards
  • Port Washington
  • Portage
  • Portage County
  • Portland
  • Potter Lake
  • Powers Lake
  • Poynette
  • Prairie du Chien
  • Prairie du Sac
  • Prescott
  • Price County
  • Princeton
  • Pulaski
  • Racine
  • Racine County
  • Randolph
  • Random Lake
  • Redgranite
  • Reedsburg
  • Reedsville
  • Rhinelander
  • Rib Mountain
  • Rice Lake
  • Richfield
  • Richland Center
  • Richland County
  • Richmond
  • Rio
  • Ripon
  • River Falls
  • River Hills
  • Roberts
  • Rochester
  • Rock County
  • Rome
  • Rosendale
  • Rothschild
  • Roxbury
  • Rusk County
  • Rutland
  • Saint Croix County
  • Saint Croix Falls
  • Saint Francis
  • Saint Peter
  • Salem
  • Sauk City
  • Sauk County
  • Saukville
  • Sawyer County
  • Schofield
  • Seymour
  • Sharon
  • Shawano
  • Shawano County
  • Sheboygan
  • Sheboygan County
  • Sheboygan Falls
  • Shell Lake
  • Sherwood
  • Shorewood
  • Shorewood Hills
  • Shullsburg
  • Silver Lake
  • Siren
  • Slinger
  • Somers
  • Somerset
  • South Milwaukee
  • Sparta
  • Spencer
  • Spooner
  • Spring Green
  • Spring Valley
  • Stanley
  • Stevens Point
  • Stoughton
  • Stratford
  • Strum
  • Sturgeon Bay
  • Sturtevant
  • Suamico
  • Sun Prairie
  • Superior
  • Sussex
  • Tainter Lake
  • Taylor County
  • Theresa
  • Thiensville
  • Thorp
  • Tichigan
  • Tomah
  • Tomahawk
  • Trempealeau
  • Trempealeau County
  • Turtle Lake
  • Twin Lakes
  • Two Rivers
  • Union Grove
  • Vernon County
  • Verona
  • Vilas County
  • Viroqua
  • Wales
  • Walworth
  • Walworth County
  • Washburn
  • Washburn County
  • Washington County
  • Waterford
  • Waterloo
  • Watertown
  • Waukesha
  • Waukesha County
  • Waunakee
  • Waupaca
  • Waupaca County
  • Waupun
  • Wausau
  • Waushara County
  • Wautoma
  • Wauwatosa
  • West Allis
  • West Baraboo
  • West Bend
  • West Milwaukee
  • West Salem
  • Westby
  • Westfield
  • Weston
  • Weyauwega
  • Whitefish Bay
  • Whitehall
  • Whitewater
  • Whiting
  • Williams Bay
  • Wind Lake
  • Wind Point
  • Windsor
  • Winnebago County
  • Winneconne
  • Wisconsin Dells
  • Wisconsin Rapids
  • Wittenberg
  • Wood County
  • Woodville
  • Wrightstown

Commercial Loan FAQs in Wisconsin

Commercial interest rates in Wisconsin vary based on loan type, property type, loan-to-value, debt service coverage ratio, borrower strength, and market conditions. They range from approximately 5% to 12.95%.

Borrowers in Wisconsin 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 Wisconsin 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 Wisconsin, including Conventional, Insurance, SBA, USDA, and selected agency programs when eligibility requirements are met.

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

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