Longer Term Commercial Loans

[Christy Wright]

We are looking into a 60 unit project. Our commercial lender typically offers a max amortization of 25 yrs. Would you recommend we make connections with a longer term lender that can offer a 30 yr amort? Overall purchase is around $5.5million. Our largest property so far is 12 unit, it's on a 25yr amort ans the numbers are great....this one....the numbers suck and I can't make sense of it.

[Mike Dymski]

Talk with a commercial mortgage broker.  Fannie and Freddie have excellent multifamily programs, including 30 year amortization.

25 to 30 amortization will not make "suck" turn to "good".