Updated over 6 years ago on . Most recent reply
Thoughts on commercial balloon loans
Im interested in purchasing a commercial rental property and so far every bank I talk to is only offering balloon payment loans. They say they will just extend the loan after the 5 year is up for another 5 year term but to me this is still a bit scary as they could early not extend the term and I will be stuck with the whole note due. Just wanted your guys opinions on this and weather or not this is a real concern.