Get Instant Pricing & Term Sheets for Multifamily Loans Nationwide


  • Loans ­from $1 million to $6 million
  • Adjust prepay and YSP on the fly
  • Online 24/7 – no need to speak with an LO
  • Rates competitive with banks across the country

Small balance with confidence.

PennyMac Commercial Real Estate Finance (PCREF) is a direct, non-bank lender specializing in small balance multifamily loans nationwide.

We’re proud to blend the financial strength and leadership our customers can count on, with the low rates, flexibility, and streamlined process you deserve.


As an approved Freddie Mac SBL Seller/Servicer, PCREF offers highly competitive rates on small balance multifamily loans nationwide. Lower fees, flexible terms, and prepay options aren’t the only perks.