The Fed's 25 bps cut yesterday was welcome, and more's likely to come. But fixed-rate, permanent debt still depends on Treasuries and spreads, and lenders are still very selective about what they'll touch (thanks to rising CMBS delinquencies, office stress, and a whole other mess of factors).
Not to say this is bad news (rate reductions will likely flow through to SOFR-based loans pretty quick), but if you're looking to save on your next commercial purchase, construction project, or refi, this isn't the silver bullet.
The silver bullet is getting lenders to compete for your business. Working with OCF Financial lets you do this quickly and efficiently.