Financing
Small Balance
Small balance industrial loans under $1 million: the hardest loans in commercial real estate to place, and the lender network we use to place them anyway.
Program update, July 2026
What changed. Freddie Mac retired the Small Balance Loan program on April 15, 2026 and folded small-balance lending into its conventional platform as Conventional Small: $2 million to $10 million, up to 80% LTV, 1.25x minimum debt coverage, properties of 50 units or fewer. Freddie no longer has a small-balance product below $2 million. The guidance below describes SBL as it operated before that change.
What you can still do. Small-balance agency financing did not go away. Fannie Mae's Small Mortgage Loan program is still open and lends up to $9 million on five or more units. Below the agency minimums, or where the deal does not fit an agency box, the desk also places bank, CMBS, bridge, life company and HUD/FHA debt. Tell us about the deal and we will size it across every execution that fits.
Need a smaller loan for your industrial building? We can help.
Smaller loans of less than $1 million can be notoriously difficult to obtain. These types of loans typically take just as much time, energy, and paperwork to fulfill compared to a loan with a principal several magnitudes greater. As a result, it’s not surprising that most lenders focus significantly more attention on larger loans, which offer them larger returns.
Our team has built a meaningful network of lenders to cover virtually every niche, including small balance financing. Our advisors can match an investor seeking a loan of less than $1 million with the right lenders by leveraging years of experience and relationships combined with cutting-edge technology to secure the best small-balance commercial loan terms for your industrial property.