Updated about 8 years ago on . Most recent reply
Commercial loan terms
All,
I have a quick question about some loan terms I just received. I have a fourplex under contract and just got final approval from my bank who is writing a commercial loan for the property. They submitted a 5.25% interest rate on a 5 year balloon amortized over 20 years. Most curious about the 5 year balloon. Is this something you all are seeing as well? I was hoping for a longer guarantee on the financing but wanted to see what the market is currently doing.
Any insight would be great. Thanks.
Brent
