Published: ·Last updated: ·By Ed Freeman, Capital Advisor — PeerSense
What is the best financing for industrial/warehouse at 65% LTV?
Stabilized warehouse and industrial properties at 65% LTV can exit bridge debt into permanent CMBS non-recourse financing from approximately 6.25% on the strongest stabilized deals (typical 6.75%–9%) or conventional loans from approximately 6.25% on the strongest stabilized deals (typical 6.75%–9%). Industrial logistics assets with credit tenants on long-term NNN leases receive the most aggressive conduit pricing, reflecting the sector's strong fundamentals and persistent demand.
Published by PeerSense Capital Advisory · Written by Ed Freeman, Founder
Warehouse & Industrial Bridge Exit Refinance
Exit your warehouse or industrial bridge loan into permanent CMBS or conventional financing at 65% LTV. Non-recourse options from approximately 6.25% on the strongest stabilized deals (typical 6.75%–9%) for stabilized logistics and distribution facilities.
Minimum 30-35% equity required. Industrial property owners with stabilized warehouse or logistics facilities holding bridge or construction debt.
Deal Parameters at a Glance
LTV Target
65%
Est. Rate Range
6.25% – 11%+ (typical 6.75% – 9%)
Term
5-10 years fixed
Recourse
Non-recourse (CMBS) / Recourse (Conventional)
DSCR
1.25x minimum
Closing Speed
30-45 days (CMBS) / 30-60 days (Conventional)
Min Loan Size
$2M
Loan Products
CMBS, Conventional
When Is This the Right Fit?
This refinance is right when your warehouse or industrial property has completed construction or renovation, achieved stabilized occupancy (85%+), and you are holding bridge debt at 8-14% that needs a permanent exit. Industrial is currently the most favored CRE asset class in CMBS due to e-commerce tailwinds and supply chain reshoring, resulting in the tightest spreads outside of multifamily. If your facility has a credit tenant (Amazon, FedEx, DHL, major 3PLs) on a long-term lease, you may qualify for near-credit-tenant CMBS pricing. Conventional financing is competitive for deals under $3M where CMBS origination overhead is less efficient.
Want the full program overview, current rate sheet, and underwriting matrix? See the CMBS Loans guide →
Key Benefits
Strategic Alternatives
65% LTV Industrial Owner-User Financing
If you occupy the building and want SBA 504 leverage
Learn moreSelf-Storage CMBS Bridge Exit
If your industrial property includes self-storage components
Learn moreCMBS Balloon Maturity Refinance
If you are refinancing existing permanent debt rather than exiting a bridge
Learn moreFrequently Asked Questions
See Related Rates by Program
PeerSense covers the full commercial capital stack. Rates and structures across our money pages — updated weekly.
SBA 7(a) & 504
5.50–11.75%Up to $5M acquisition / real estate / equipment, 10% down
Bridge Loans
9.00–14.00%12–36 mo transitional, SOFR + 470-970 bps, 65-75% LTV
DSCR Investor
5.95–8.50%30-yr fixed rental, qualifies on property cash flow
Equipment Financing
5.50–12.00%Loan, lease, SBA 504, vendor, captive — Section 179 eligible
Hotel Financing
5.85–11.75%CMBS + SBA 504 + bridge + PIP across all flags
Mezzanine Debt
11.00–18.00%Subordinate to senior, $1M–$50M, capital stack fill
Private Credit
7.80–18.00%Non-bank flexibility, unitranche, recap, transitional
Invoice Factoring + ABL
0.5–3.5% / 30dB2B receivables, trucking / staffing / construction / govt
No-Doc CRE
7.50–11.50%Limited-doc commercial, asset-based underwriting
Connect with PeerSense — Direct Capital Advisory
PeerSense pre-underwrites every deal before presenting it to our institutional capital sources. With 500+ lender relationships and live market rate intelligence, we match your industrial/warehouse deal with the right capital source — right now.
No upfront retainer · Fee at closing only · Complimentary initial consultation
Published by PeerSense Capital Advisory · Written by Ed Freeman, Founder. Updated March 2026.
Disclaimer: The information on this page is provided for educational purposes only and does not constitute financial, legal, or investment advice. Rates, terms, and availability are subject to change based on market conditions, property characteristics, and borrower qualifications. The rate ranges cited reflect approximate market pricing as of March 2026 and may not reflect current conditions at the time of reading. PeerSense is a capital advisory firm, not a lender. We do not originate, fund, or service loans. All financing is provided by third-party lenders subject to their own underwriting criteria and approval processes. Borrowers should consult with qualified financial and legal professionals before making any financing decisions.