Updated about 9 years ago on .
Loan options
I've recently heard several podcast guests (on BP, Real Estate Guys Radio, and others) talking about 25-30 yr commercial loans, some with fixed rate. I've always bought commercial properties through a local bank on 15 yr notes with 5 yr balloon. The bank I've used cannot go beyond 15 yrs for commercial loans. Can someone point me toward a trustworthy loan source (Indiana) who could handle a 25+ yr non-recourse commercial loan on a property of 800k+? Fixed rate would be the preference, of course.
Anyone else using this kind of loan? Any drawbacks?