Commercial Mortgage Rates
Overview of financing costs & commercial mortgage rates in Minneapolis/St Paul, MN.
We have a number of preferred vendors for all of your office, industrial, retail, and multi-family commercial real estate financing needs. Below is a snapshot of commercial mortgage rates in Minneapolis/St Paul, MN with projected Loan-to-Value.
Oct 2023
Current Indexes
| 5-YR UST | 7-YR UST | 10-YR UST | SOFR |
| 3.95% | 3.97% | 4% | 5.31% |
Current 10 Year Rates
| 55% | 65% | 80% | |
| Multifamily | 5.90-6.04% | 6.04-6.14% | 6.14-6.28% |
| Industrial | 5.90-6.35% | 6.35-6.80% | 6.80-7.35% |
| Office | 6.45-6.90% | 6.90-7.75% | NA |
| Retail | 6.45-6.90% | 6.90-7.75% | Varies |
*The rates above represent various lenders’ fixed-rate loan programs. Interest rates can vary and change daily. Please connect with your originator for more information. Data was compiled from various sources.
We are NOT a bank, mortgage broker, loan originator, or commercial lender and do not provide lending services of any kind. We provide a referral to an expert commercial property financing consultant who can help you evaluate your options. Their advisors specialize in assisting Minnesota commercial real estate, office, retail, & industrial property owners and buyers.