Thousands of commercial mortgages written when rates were near historic lows are now reaching maturity. In the Bay Area, Trepp tracked roughly $3.18 billion across 87 securitized loans maturing as of March 2026, and that doesn't count bank and private loans. If your loan is coming due, here are your options.
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1. Refinance
Lenders size new loans on today's rates and your property's current net operating income (NOI). A loan that was easy to qualify for at 3.5% may need a larger paydown at today's rates. Start 9–12 months before maturity so you have time to shop lenders, including SBA 504 if you occupy the building.
2. Extend or modify
Many lenders would rather extend a performing loan than take a property back. An extension can buy time to lease up vacancy or wait for better rates, often in exchange for a paydown or higher rate.
3. Bring in capital
Preferred equity, mezzanine debt or a new partner can fill the gap between the old loan balance and the new loan amount.
4. Sell
For some owners, especially those with strong equity, selling and doing a 1031 exchange is the cleanest path. Selling on your timeline is almost always better than selling under deadline pressure.
Waterfront and East Bay property
We're especially active with commercial and waterfront property in Emeryville, Oakland, Alameda, Sausalito, San Francisco and Santa Clara County. Tell us what you own or what you're looking for.
Our team at BRG Realty works with Bay Area business owners, buyers and investors. A first conversation is confidential and free.