What is the longest reasonable for small commercial Multifamily?

[Tyler HOOD]

I am coming up on a balloon payment for an 8 plex with a value around 1mm. The bank  is pushing a 5 year term hard. With interest rates where they are, I would love a longer term. Any ideas on what I should reasonably expect/ask for? I shop banks relatively often but have been happy with this bank otherwise so I don't want to push if I can't find it anywhere else. TIA

[Erickson Sainval]

I understand the loyalty, but the financing must fit your needs. If you can present them with better financing and ask them to at least copy that, I see nothing wrong with it. Just like you they understand that it must make god business sense. If they can offer you that, it is no one's fault if you finance elsewhere.