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Commercial

Commercial rate-and-term refinance

The short answer This replaces existing commercial debt to change pricing, maturity, amortization or structure; taking cash out is handled separately. Compare the new terms against your current payoff costs and the remaining loan. A long amortization schedule doesn't necessarily mean an equally long maturity.

Last reviewed: October 18, 2026 · General education, not a loan offer or approval. Availability and terms depend on the lender, the property and your file.

It may fit if

  • Your commercial loan is approaching maturity.
  • You want to change your payment, term or loan structure.
  • You want a side-by-side look at keeping your loan versus replacing it.

Tradeoffs to weigh

  • A lower payment can hide a balloon payment due before the loan is paid off.
  • Prepayment costs on your current loan and new closing costs can outweigh savings.
  • Approaching maturities leave less room if the review takes longer than planned.

What to have ready

  • Your current loan's maturity date, payment and balance.
  • How the current loan amortizes.
  • Any prepayment penalties or payoff restrictions.
  • What you want the refinance to achieve.
  • Current income and expenses for the property.

Questions people ask

Can a lower payment hide a balloon?

Yes. Ask when the full remaining balance is due.

Is refinancing before maturity always cheaper?

No. Existing prepayment costs and new closing expenses can outweigh payment savings.

Your next step

Tell me what you're trying to do. I'll check which options fit your situation and walk you through the tradeoffs.

Start my applicationTalk to Marcus

Related topics

Small-balance commercial loan Larger commercial loan Owner-occupied commercial loan Investor commercial loan Commercial bridge loan SBA 7(a) loan See the loan programs All topics
Marcus Wright
Who you'll work with

You work with me, start to finish.

Marcus Wright · Loan Officer, NMLS #2789841

Originates through Q Mortgage LLC, NMLS #2567464. Licensed in Texas.

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I aim to get back to you within a few working hours, often sooner.

Se habla español. Every page and form here works in Spanish.

How it works

  1. 1. Tell me your goalCall, book a time or send a note. No SSN and no credit check to start a conversation.
  2. 2. I compare your optionsI look at your income, property and plans, and explain the costs and tradeoffs of each route in plain language.
  3. 3. Apply when you're readyYou apply through a secure application. The lender's underwriting makes the final decision, and I keep you updated until closing.
Contact

Let's talk about your loan.

Call, book a time, or send a quick note. Whatever's easiest.

(682) 403-3406Tap to call Pick a timeBook a call on my calendar Weekend timeSat–Sun, 11 a.m.–7 p.m. Central. I confirm it personally. marcus@qmortgage.aiEmail me anytime

Hours Weekdays 8 a.m.–8 p.m. Central. Weekends 11 a.m.–7 p.m. Central by appointment.

I aim to get back to you within a few working hours, often sooner.

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