What is Chase Commercial Term Lending?

Commercial Term Lending is a lender business within Chase that offers multifamily and commercial term loan financing in 13 major U.S. Markets.

Multifamily lending: Chase provides term financing from $500,000 to $25 million+ for the purchase or refinance of stabilized apartment buildings with five+ units.

Commercial mortgage lending: Chase provides term financing from $1 million to $15 million+ for the purchase or refinance of stabilized industrial, office, retail or mixed-use properties.

General questions

As the nation's #1 multifamily lender, our team is committed to providing apartment building owners with the best financing solutions—all delivered with best-in-class customer service. Our Client Managers have extensive experience in apartment lending and a deep understanding of the local market.

Our team is also committed to providing the best financing solutions to commercial real estate property owners relating to stabilized industrial, office and retail properties.

Please call (877) 344-3080 or take a moment to complete this contact request form.

Please call (877) 344-3080 or take a moment to complete this contact request form.

Chase offers competitive rates for all of our commercial loans. For the current rates available, please contact us.

Application process

  • Chase is the nation's #1 multifamily lender because it has a streamlined process. To get things started, we will need two years of operating history and recent rent roll to issue you a written quote ("letter of interest"). An experienced Client Manager will walk you through the whole process.
  • After a letter of interest is accepted, we require an application deposit to process the loan and appraisal.
  • The next step is to provide an application, personal and financial statements, scheduled real estate and entity documents. Tax returns are not required.

Chase prides itself on our low fees. An apartment loan can cost the greater of $2,000 or 12.5 basis points of loan amount.

Early rate lock is available through Chase.

The next steps are:

  • Order the appraisal (generally takes two to three weeks)
  • Process the application package and personal financials
  • Go to final underwriting
  • Provide loan documents         

Yes, Chase works with brokers, but we do not offer rebates.

Chase’s industry-leading loan origination platform, CREOS, allows your commercial property loans to close fast and efficiently.

Loan programs and terms

Yes, Chase offers both fixed rate and adjustable rate loan programs:

  • Initial fixed rate for 3, 5, 7 or 10 years, then adjustable for remaining term
  • 15-year fixed
  • 6-month arm adjustable-rate loan programs
  • Fannie Mae® DUS®: Fixed rate for 10, 12 or 15 years with up to a 30-year amortization

Chase provides apartment building owners the best term financing solutions from $500,000 to over $25 million.

Chase provides flexible prepayment terms (step-down and yield maintenance).

Yes, Chase holds our loans on our balance sheet while providing the best-in-class loan serving.  Chase is also a Fannie Mae DUS ® lender.

Our fast, efficient loan process typically closes in 45 days or less.

An amortizing loan is one in which monthly payments reduce the loan balance in addition to paying accrued interest.

Non-recourse means that there is no personal guarantee. Non-recourse available subject to approval.

Yes, Chase does provide interest-only financing on multifamily loans, but on a case-by-case basis. There is a $1 million loan amount minimum, for up to three years. Please contact a Client Manager in your area for more information.

The index used is the 12-MTA (Month Treasury Average), which is the one year average of the one year Constant Maturity Treasury yield.

Yes, Chase lends on other commercial property types, but standards vary.

  • Apartment buildings with five or more units
  • Stabilized office, retail, industrial and mixed-use properties

Chase offers construction financing. For more information please visit Real Estate Banking.

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    Credit is subject to approval. Rates and programs are subject to change; certain restrictions apply. Terms and conditions subject to commitment letter. Products and services provided by JPMorgan Chase Bank, N.A.


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