Commercial loan through local bank for first deal

[Casey Barickman]

I want to fund my first deal and have money down. I met with a local bank that has commercial rental loans on a prime rate + 0.75% on a 5 yr fixed, 15% down, and amortized over 25 yrs. However, the after the 5 yrs it is adjustable with no cap. 

Thoughts?

[Michele B.]

I do not think you want a commercial loan the rates are higher.  but if you do, then I would make sure there is a cap to the rate.