Lender appetite moves faster than headline cap rates, and it moves unevenly across asset classes. The useful question for a borrower is not where the market is going but which asset types lenders are competing for this quarter and which ones they are rationing.
Where appetite is deepest
Industrial, service-weighted retail, self-storage and housing of most kinds continue to draw multiple competing quotes in the major Texas metros.
Where it is thinner
Larger multi-tenant office, special-purpose buildings and anything with a short remaining lease term take longer, need more equity, and get read far more carefully.
What it means in practice
Appetite shows up as structure before it shows up as price: proceeds, amortisation, reserves and recourse all move before anyone changes a quoted rate. Call for where a specific deal sits today.
Our minimum loan is $200,000. We are a direct commercial lender working across the 43 states we serve, in business since 1998. We do not publish a rate for this product because the number depends on the file — call and we will quote the deal in front of us.
Commercial rates · All loan types · Investment property financing · Commercial lending · All property types