What is average commercial mortgage rate
For 2020, the average commercial real estate loan interest rate ranges from approximately 4% to 5%. Find out more about what the average commercial real estate loan rates are for different types of loans and projects. Commercial mortgage rates vary based on a variety of factors, including those listed above; however, borrowers can typically expect mortgage rates between 5% and 7%, though they can certainly exceed. This is particularly true for borrowers who choose alternative lending options, like hard money loans, which can reach or exceed 18% .