Commercial refinance
Commercial Mortgage Refinancing
Commercial refinancing can be considered when existing debt matures, a property’s value or cash flow changes, new capital is needed, or the borrower wants a different financing structure.
A refinance review should compare the current debt and its maturity or payout terms with the requested new structure, property performance, valuation and the borrower’s objective.
General mortgage informationFinancing availability, terms and lender fit are transaction-specific.
Underwriting context
What can shape the financing structure?
Next step
Discuss the property and financing objective.
Start with the payout and net proceeds
Get the existing lender’s current payout terms and maturity date. Compare the new advance with debt being discharged and all transaction costs to calculate usable proceeds. Ask whether new covenants, guarantees or cash-management conditions change the practical flexibility of the loan. Evaluate the remaining balance at the end of the next term as well as the scheduled payment.
Further reading
Content reviewed September 9, 2026. These resources provide background; individual lender requirements and property circumstances differ. Illustrative calculations are examples, not financing offers.