Savannah Commercial Mortgage: Refinance Rates & Lenders

Savannah’s commercial real estate market has seen explosive growth driven by the Port of Savannah — now one of the busiest container ports in the United States — along with strong tourism, hospitality, and industrial demand. If you own commercial property in Savannah or the surrounding Chatham County area and need to refinance a maturing loan or access capital, RefiLoop connects you with lenders who understand this market and can close.

Savannah CRE Market Overview (2026)

Savannah’s industrial corridor along I-16 and near the Garden City Terminal has attracted major logistics tenants, making industrial properties here highly financeable. The historic district drives hospitality and mixed-use demand. Multifamily in Savannah has benefited from population growth fueled by both port employment and Georgia Southern/SCAD enrollment.

For lenders, Savannah is a favorable lending environment: strong rent growth, low vacancy in key asset classes, and a growing employment base. But even in a strong market, lender appetite for CRE has shifted since 2023. Many borrowers with maturing loans are finding that renewal terms have changed significantly or that their bank has tightened its CRE concentration limits.

• Multifamily: Strong demand from port employment and student enrollment; 1.20x+ DSCR, 65–75% LTV achievable
• Industrial / warehouse: Port-driven logistics demand, low vacancy; 1.25x+ DSCR, 70–80% LTV
• Retail / mixed-use: Historic District and suburban corridors stable; 1.25x+ DSCR, 65–75% LTV
• Hospitality: Tourism-driven, seasonal; 1.40–1.60x DSCR, 60–70% LTV
• Special-purpose / owner-occupied: SBA-eligible; up to 90% LTV

Current Commercial Mortgage Rates in Savannah (2026)

Rate ranges by lender type for stabilized Savannah commercial property:

Lender Type	Best For	LTV Range	Rate Range (2026)
Regional / community banks	Best rates, stabilized assets	65–75%	6.5–8.5%
Life companies	Large stabilized assets ($5M+)	65–70%	5.8–7.2%
CMBS / conduit	Non-recourse fixed-rate, $2M+	65–75%	6.2–8.0%
Debt funds	Flexible, transitional assets	70–80%	7.5–10.5%
SBA 504 / 7(a)	Owner-occupied	80–90%	6.0–7.5%

What We Finance in Savannah

• Industrial and warehouse properties near the port and I-16 corridor
• Multifamily (5+ units) across Chatham County
• Hospitality assets in the Historic District and Tybee Island
• Retail centers and mixed-use buildings
• Self-storage facilities
• Owner-occupied commercial property (medical, professional, light industrial)

Common Savannah Refinance Scenarios

• Industrial property owners refinancing to pull equity after appreciation driven by port expansion
• Hotel / hospitality owners in the Historic District seeking better terms after stabilizing occupancy
• Multifamily owners facing balloon maturities on 2019–2021 originations — see our commercial balloon payment guide
• Retail center owners whose anchor tenant has changed, creating temporary DSCR challenges
• Borrowers whose current bank has declined renewal or offered unacceptable terms — see what to do when your refinance is denied

Savannah Refinance Process, Step by Step

1. Gather your documents — rent roll, operating statements (2–3 years), current loan payoff, and property photos. See our document checklist.
2. Check your DSCR and LTV — use our DSCR calculator and commercial mortgage calculator to see where you stand before applying.
3. Submit to RefiLoop once — we match your deal to the right lenders (no shopping one bank at a time).
4. Compare competing term sheets — typically within 24–48 hours, you’ll see real offers from banks, debt funds, and CMBS lenders side by side.
5. Close — conventional financing takes 45–75 days; bridge loans can close in 2–4 weeks.

Georgia & Savannah-Specific Considerations

• Transfer tax: Georgia charges a transfer tax of $1.00 per $1,000 of value (0.10%) on the sale of real estate, typically seller-paid. On a pure rate-and-term refinance (no ownership change), this transfer tax generally does not apply — your main cost is the county recording fee.
• Port-driven industrial strength: Properties within the port’s distribution radius command premium rents and stronger valuations, which lenders reward with better terms and higher LTVs.
• Seasonal hospitality: Tourism-driven cash flow is lumpy — lenders underwrite Savannah hospitality conservatively (higher DSCR, lower LTV). Have trailing-12 and trailing-3 occupancy data ready.
• Coastal exposure: Windstorm / flood insurance is a real cost line on coastal properties; factor it into your DSCR before applying.
• Multi-county footprint: We lend across Chatham, Bryan, Effingham, and Liberty counties.

How RefiLoop Helps Savannah Property Owners

RefiLoop (NMLS #2510864) is a commercial mortgage brokerage specializing in Georgia CRE loans from $500K to $15M. We handle the lender search, application, and negotiation so you can focus on operating your property. Our network includes regional banks, private debt funds, CMBS conduit lenders, and bridge lenders active in coastal Georgia.

Frequently Asked Questions

What property types qualify for commercial loans in Savannah?

Industrial, multifamily (5+ units), hospitality, retail, mixed-use, and office all qualify. Chatham County and surrounding Bryan, Effingham, and Liberty counties are all in our lending footprint.

How does the Port of Savannah affect property valuations?

For industrial properties within the port’s distribution radius, valuations have increased significantly over 2021–2026. Lenders generally view port-proximate industrial as a favorable asset class with strong rent fundamentals.

Can RefiLoop help if I have a balloon payment coming due?

Yes — balloon maturities are one of our most common scenarios. Even if your bank won’t renew or is offering poor terms, we can typically find a bridge or permanent solution within your timeline. See our guide: Commercial Balloon Payment Coming Due.

Does Georgia charge a transfer tax on a refinance?

No. Georgia’s transfer tax applies to a sale (conveyance of title), not a pure rate-and-term refinance. Your main cost on a refinance is the county recording fee.

Need financing for your Savannah commercial property? Contact RefiLoop for a no-obligation consultation.

Explore More Georgia Markets

RefiLoop serves commercial property owners across Georgia. See our guides for Atlanta and Augusta. For statewide context, see our Georgia Commercial Mortgage Refinance Guide.