Looking for a 30 year fixed commercial loan (Refinance)

4 Replies

I am not sure if this type of loan is being offered anymore, but I currently have a 30 yr fixed loan on a multifamily mixed use property. 1/3 of the property is commercial, 2/3 are residential units.  In 2005, I was able to refinance the property and obtain a 30 yr fixed loan on this property.

I have been looking into refinancing this property to try to lower the interest rate, but I am being told that I can get a commercial loan for 5yrs or a maximum of 10 yrs. 30 yrs is no longer offered (is what I am being told).

Does this sound correct? Any ideas what is the longest term offered for commercial mortgages in MA.

Thank you.

I live in Ithaca, NY and that sounds about right. 5-20 years (depending on the collateral) sounds right. 


I am in Ithaca, NY as well and 5-20 years is the norm now for commercial. One thing I would recommend is to shop around. I was able to get a 3 commercial loans through a local credit union that are 15 year loans, but amortized over 25 years. This is about as good as it gets from what I have found. They certainly don't come out and offer to amortize over a longer term, so I would suggest asking and you might be surprised what they have to say.

Hey Chris, good to see you on BP. Im assuming the kids are in bed? haha

Hey, thanks for the info guys. I belong to a credit union so I will check them out to see what terms they are offering.


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