Choosing a loan depends on whether the property is for business operations or investment.

Federal Reserve Board - H.15 - Selected Interest Rates (Daily)

Business Real Estate Lending Report: April 2026 The commercial real estate (CRE) lending market in April 2026 is characterized by a "new cycle" recovery. After a period of transition, lending volume is forecast to increase significantly, with total commercial mortgage originations expected to reach by the end of the year. 1. Current Interest Rate Landscape

Interest rates have stabilized following several Fed cuts in 2025. As of late April 2026, rates vary by property and loan type: : WSJ Prime Rate : 6.75%. 10-Year Treasury : 4.35%. 30-Day SOFR : 3.65%. Loan-Specific Rates : Conventional CRE Loans : 5.07% – 8.75%. SBA 504 Loans : Starting at 5.61%, typically capped near 6%. SBA 7(a) Loans : 7.75% – 14.75% depending on loan size.

: Highly variable, ranging from 4.65% to 13.65%. 2. Primary Business Real Estate Loan Types