Commercial office loan- Matured, renew? Prepay indemnity etc

[Will F.]

Hi guys, I'm redoing a commercial loan for an office building in LA.  Last loan just matured we're thinking of staying with the same bank

These are the terms, options and rate:

10 year 15 year amortization

No points or major fees since we're going with same bank.

1.   5.15% for no prepay option

2.    5.7%  with prepay and prepayment penalty

What are some things I should add since we may plan on developing or in the near future reselling property? This is not definite though...

This is a low LTV, like 30-40% LTV

Is this pretty standard?  Is it good?  I'm leaning towards the 5.7% since we may develop or refi/sell in future

[Eric Schleif]

So the loan has already matured? Has the current lender granted you an extension? What is the loan amount you are seeking to refinance? What is the occupancy and cash flow for the building? How do the lease rolls look and how do the current rents compare to the market? 

These terms do not sound that great to me, but would need a little more info on the deal.