If you’re a business owner that currently has an SBA 7(a) loan on a commercial real estate property, you may want to consider refinancing it with a fixed-rate CMBS loan. This is especially the case if you want to reduce your interest rate— since SBA 7(a) loan rates are typically higher than conduit loan rates. Borrowers with variable-rate SBA 7(a) loans may also want to refinance their loan due to the increased financial security of fixed-rate conduit financing.
