Houston - Commercial Lender Terms and Lender Reference

[Vijaianand Thirunageswaram]

Hello

I been doing residential SFH investment and owned retail business. Recently many investors are approaching for commercial investment projects. I am RE Broker. I know commercial is not easy as residential but it has long term advantages., Anyway, I just started looking on certain office building projects and also purchasing old office building and renovate and rent out.

I like to know the reasonable terms for lending and any lender references in Houston area. 

[Aaron Beauchamp]

@Vijaianand Thirunageswaram The process is close to residential in a way. Hard money for the rehab, which is 4 points in Origination, 65% LTV, at a 12% rate, then a refinance into a bank deal, which is 2 points in origination, 20 year am with a 5 year balloon. You will need 25% down on the bank loan.