Current market rates
LiveAs of
- Prime
- 7.00 %
- SOFR
- 3.89 %
- 3-Yr UST
- 4.92 %
- 5-Yr UST
- 5.03 %
- 10-Yr UST
- 5.28 %
Prime Rate (WSJ)
Base rate banks charge their most creditworthy customers; reference for LOCs + many small-balance commercial loans.
Source →SOFR
Secured Overnight Financing Rate — replaces LIBOR; reference for most floating-rate commercial real estate debt.
Source →3-Year Treasury Yield
Benchmark for short-term fixed-rate CRE bridge & mini-perm financing.
Source →5-Year Treasury Yield
Benchmark for 5-year fixed-rate CRE term loans; common SBA 504 pricing reference.
Source →10-Year Treasury Yield
Benchmark for 10-year CRE fixed-rate loans, CMBS, and most permanent commercial debt.
Source →Model your deal in seconds.
Monthly payment, balloon payoff, and DSCR for any commercial loan.
How commercial mortgages work
Most commercial real estate loans are structured as balloon loans: payments are calculated on a longer amortization schedule (often 25–30 years) but the loan matures earlier (typically 5–10 years), at which point the remaining principal balance — the balloon — is due in full.
The borrower's standard exit is either to (a) refinance into a new loan at maturity, (b) sell the property, or (c) pay off the balloon from accumulated capital. This is why a clean refinance plan matters more than the specific monthly payment for most CRE borrowers.
Interest-only periods
Many commercial loans include an initial interest-only period (1–10 years) before principal-and-interest payments begin. This lowers early cash-flow burden during lease-up, value-add execution, or stabilization. Note: the IO period doesn't reduce the balloon — principal isn't being paid down during IO.
DSCR — Debt Service Coverage Ratio
DSCR is the property's net operating income divided by annual debt service. Most lenders want 1.20–1.30 minimum; hotels and value-add deals often need 1.30–1.40. A DSCR below 1.0 means the property doesn't generate enough income to cover the loan payments.
From estimate to term sheet
This calculator gives a directional estimate. Real lender pricing depends on property type, sponsor experience, market, leverage, recourse, and current debt-market conditions. Submit your deal to Caplli and we'll match it against current lender appetite — most term sheets within 5–10 business days.
Four steps, start to funded
When you're ready to turn a number into terms, this is what happens.
- 1
Apply online
~5 minA brief application — property, sponsor, capital request. About five minutes.
- 2
Due diligence
2–4 daysA consultant calls you, then we build the financial profile from your documents — DSCR, LTV and cash flow verified and packaged into an underwriting-ready file.
- 3
Smart matching
ParallelYour deal goes to the lenders with active appetite for it. We negotiate, then bring you offers to compare side by side.
- 4
Get funded
You chooseYou pick the term sheet. Bridge closes in 5–15 days; CRE and SBA in 30–90.
Using the calculators — common questions
How accurate are these calculators?
They are directional, and they use the same formulas and market benchmarks a lender's analyst would start from. What they cannot know is sponsor experience, market, recourse, lease quality or where the debt markets are that week — all of which move real pricing. Treat the output as the shape of the deal, not a quote.
Which calculator should I use?
Start with Valuation if you need to know what an asset is worth and what it could support. Use DSCR if you have a number and want to know whether it cash-flows. Use SBA 7(a) for owner-occupied and business acquisition, Bridge vs Term when speed is the question, and Loan Comparison when you already have more than one offer.
Do I need to give you my details to use them?
No. The calculators run without a sign-up. You only give us contact details if you want us to take the deal further.
What rate should I enter?
The current market rates we quote are shown on each calculator and on the rate bar, and they update as the desk reprices. If you are shopping a specific deal, use the rate on the term sheet you already have rather than a market average.
Will a calculator tell me if I qualify?
It will tell you whether the numbers work. Qualifying also depends on credit, experience and documentation, which is what the application and the diligence call cover.
Got a number you want to test against real lenders?
Submit the deal and we'll bring you competing terms from lenders with active appetite — or talk it through with an advisor first.
Free quote, no credit check.