Acquisition, refinance and cash-out, bridge, and ground-up construction capital from $500K to $40M — institutional terms, decisions in days, and closings measured in weeks, not quarters.
Keystone finances income-producing commercial real estate — from the acquisition through the refinance, the bridge that buys you time, and the construction that creates the value in the first place.
We write deals from $500K to $40M across office, retail, industrial, multifamily, and mixed-use. Each loan is underwritten on the asset and its cash flow — the rent roll, the basis, and the plan — so the answer comes from the people who can actually fund it, not a committee six weeks out.
Purchase stabilized, income-producing office, retail, industrial, and mixed-use assets with leverage sized to the property's cash flow. We underwrite the rent roll and the in-place economics, not just a credit box — and we price it to close on your timeline.
Lower your rate, retire a maturing loan, or pull trapped equity out of a property you already hold. Cash-out is underwritten against the asset's current value and debt-service coverage, so you can recapitalize without selling a performing building.
Short-term, interest-only capital to acquire, reposition, or stabilize before the window closes. Built for a seller's deadline or an expiring rate lock — a bridge facility can close in roughly three to six weeks, well ahead of a bank's three-to-four-month timeline.
Fund development and major rehab on a structured draw schedule, with interest carried through completion and lease-up. We stay close to the budget and the timeline, releasing capital as the work is done rather than holding the deal hostage to committee.
Acquisition and refinance for 5+ unit apartment and build-to-rent assets, where stronger collateral supports higher leverage. We finance value-add business plans and stabilized holds alike, with amortization that fits the way the property actually performs.
Across asset classes and markets, the underwriting starts the same way: the property, the cash flow, and the plan.
Multi-tenant and single-tenant
Strip, anchored, and high-street
Distribution, flex, and light manufacturing
Apartments and build-to-rent, 5+ units
Residential over ground-floor retail
Stabilized and lease-up facilities
Outpatient and specialty clinical space
Select-service and extended-stay
A snapshot of current market ranges by property type. Your number comes from the building, not a rate sheet.
| Property type | Indicative rate | Max LTV |
|---|---|---|
| Multifamily (5+ units) | from ~5.6% | up to 80% |
| Office / retail / industrial | from ~6.7% | up to 75% |
| Owner-occupied | from ~6.5% | up to 90% |
| SBA 504 | from ~5.9% | up to 90% |
| Bridge | from ~9.0% | up to 80% |
Indicative ranges only — not a quote or commitment to lend; your actual rate, LTV, and amortization are set by underwriting and property details.
Sources: Select Commercial · figures as of 2025–26.
That’s enough to price it. No application fee to get a term sheet.
We size leverage to the property's cash flow. A minimum DSCR of roughly 1.25× — net operating income divided by annual debt service — is the common benchmark for income-producing assets.
Maximum LTV runs up to 75% on commercial property, up to 80% on multifamily, and up to 90% on owner-occupied deals — set in the end by the asset, the basis, and the business plan.
Both recourse and non-recourse structures are available. Non-recourse is common on stabilized assets at conservative leverage; bridge and construction facilities often carry a completion or carve-out guaranty.
Sources: Commercial Real Estate Loans, Select Commercial · figures as of 2025–26.
Send the address, the rent roll, and what you're trying to do. Five minutes — no portal gymnastics, no application fee to get a number.
We price it and send real terms: amount, leverage, rate, and structure you can take to the table — quoted by the principal on your deal.
Appraisal, title, and third-party reports run at once while we keep the deal moving. We lay out every third-party cost before you spend a dollar.
Sign and fund — a bridge can close in roughly three to six weeks versus three to four months at a bank, with one point of contact the entire way.
Sources: C-Loans · figures as of 2025–26.
Office, retail, industrial and warehouse, multifamily (5+ units), mixed-use, self-storage, and select hospitality. If it produces income, we'll look at it.
Most deals run from $500,000 to $25 million, with bridge and construction facilities up to $40 million. Smaller and larger requests are considered case by case.
A term sheet typically lands within 48 hours of a complete submission. Bridge deals can fund in as few as 10 days; permanent loans usually close in three to five weeks.
Both are available. Non-recourse is common on stabilized assets at conservative leverage; bridge and construction facilities often carry a completion or carve-out guaranty.
Send us the property and the plan. You’ll have a real term sheet — not a maybe — within two business days.