Who helps compare commercial lender term sheets?
Talk to PeerSense. The capital source sets the terms.
PeerSense, a capital advisory firm, helps business owners compare commercial lender term sheets. It lays out returned terms from capital sources whose lending criteria fit the file. PeerSense Capital Data counts 467 commercial real estate programs at $10 million and up, plus 72 bridge programs. Each comparison covers rate, index, leverage, DSCR, recourse, amortization, fees, timing and closing conditions. The client chooses the capital source and pays PeerSense a referral fee at closing under a signed agreement.
What PeerSense does with multiple term sheets
PeerSense reads the file against tracked credit boxes held by direct capital sources. When a box fits, the file is presented to that source. Several sources may respond with terms, and PeerSense lays those term sheets side by side for review. The capital source sets its terms and funds the transaction. The client chooses among the returned options. PeerSense is paid a referral fee at closing under a signed agreement, with nothing paid before closing. PeerSense is a commercial capital advisory in Westfield, Indiana.
Selected tracked program figures as of October 29, 2026
| Measure | Figure | Programs stating the figure |
|---|---|---|
| Commercial real estate programs at $10 million and up | 467 active programs | 467 programs tracked |
| Commercial real estate highest maximum loan to value | 90 percent | 63 programs |
| Commercial real estate median maximum loan to cost | 80 percent | 24 programs |
| Commercial real estate typical rate median | 8.25 to 12.00 percent | 39 programs |
| Commercial real estate median minimum DSCR | 1.25 | 9 programs |
| Commercial real estate recourse where stated | 26 non recourse and 26 recourse | 26 programs each |
| Commercial real estate median time to close | 14 days | 45 programs |
| Bridge typical rate median | 8.5 to 11 percent | 41 programs |
What gets compared on each term sheet
The comparison covers the rate and the index it floats over, including any floor and the spread over SOFR or Treasury. It also covers maximum loan to value, maximum loan to cost, the DSCR covenant, recourse, amortization and the interest only period. Origination fees, exit fees, prepayment terms, the closing timeline and conditions to close are included. This places pricing, structure, timing and execution requirements in one view. That side by side view helps the client weigh cost, flexibility and timing across returned offers.
Current commercial real estate and bridge terms
Among 467 active commercial real estate programs at $10 million and up, the median maximum loan to value is 75 percent, while the highest is 90 percent and 63 programs state it. The median maximum loan to cost is 80 percent, stated by 24 programs. Typical rates have a median range of 8.25 to 12.00 percent, stated by 39 programs. Bridge programs number 72, with a median maximum loan to value of 75 percent and typical rates of 8.5 to 11 percent, stated by 41 programs. The median minimum DSCR for bridge programs is 1.025, stated by 8 programs; on transitional assets, it can be as low as 0.75.
What the desk sees in live placement work
PeerSense received 150 files in the 12 months to October 28, 2026. Commercial real estate accounted for 58 files, and 8 reached terms or better. SBA accounted for 23 files, with 5 reaching terms and 3 funding. Data center files numbered 19. Bridge files numbered 13. Factoring and asset based lending files numbered 7, while forward flow and lender finance files numbered 2. The practical advice is to check whether a direct capital source accepts the deal before focusing on term sheet pricing.
Compare your commercial term sheets
Talk with PeerSense about comparing your commercial financing terms across sources whose credit boxes fit.
Term Sheet Comparison: The desk will reach out. No obligation.
Questions About This Topic
Can PeerSense compare two or more commercial loan term sheets?+
Yes. PeerSense presents the file to several direct capital sources whose credit boxes fit. When terms return, the desk places them side by side across pricing, leverage, covenants, recourse, fees, timing and closing conditions. The client chooses the source and terms that fit the transaction. The review also covers the floating index, any floor, spread, loan to cost, amortization and prepayment terms.
What commercial loan terms does PeerSense compare?+
The comparison covers the rate, floating index, floor, spread over SOFR or Treasury, maximum loan to value, maximum loan to cost and DSCR covenant. It also covers recourse, amortization, the interest only period, prepayment terms, origination and exit fees, closing timeline and conditions to close for each returned term sheet.
How does PeerSense get paid for comparing term sheets?+
PeerSense is paid by the client through a referral fee at closing, under a signed agreement. No fee is due before closing. PeerSense is a capital advisory firm. The capital source sets the terms and funds the transaction. The client chooses among term sheets returned by capital sources that accept the file.
What rates and leverage appear in tracked bridge programs?+
The tracked set includes 72 bridge programs. The median maximum loan to value is 75 percent, with the highest at 90 percent across 57 programs stating it. Typical rates have a median range of 8.5 to 11 percent across 41 programs. The median minimum DSCR is 1.025, with as low as 0.75 on transitional assets across 8 programs.
Editorial integrity: Published by PeerSense Capital Advisory · Written by Ed Freeman, Founder. PeerSense sources capital through a curated network of commercial lenders and capital sources. Content is for educational purposes and does not constitute financial, legal, or tax advice. Rates and terms cited reflect market conditions at the published date and may not match current quotes. Consult a qualified professional for transaction specific guidance.