Get Instant Pricing & Term Sheets for Multifamily Loans Nationwide


  • Loans up to $5 million
  • Adjust prepay and YSP on the fly
  • Online 24/7 – no need to speak with an LO
  • Rates competitive nationwide

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.


Competitive rates on small balance multifamily loans nationwide. Low fees, simplified process, flexible terms, and prepay options aren’t the only advantages.