Recommendation for Commercial loan !

3 Replies

Looking for a commercial loan. Would like to know the ongoing interest rate with what %age down for how many years?

And if anyone can recommend lenders they work in the past would be great as well.

please feel free to PM.

Depends on a multitude of things.  1. Over $1M your options open up to all agency debt. 2. Location of Property (could get better rates in better markets) 3. Rent Levels (you could get pricing breaks for "affordable rents".

Under $1M banks and credit unions etc are your best bet in my opinion.

As far as rates go.  Agency debt in the 4.20-4.60 Range.  Insurance companies (sub 4)  Banks are probably closer to 4.75 + range with 20-25 am schedule.

Hope this helps.  If you want more info feel free to PM me.  

Originally posted by @Atta Bari :

Looking for a commercial loan. Would like to know the ongoing interest rate with what %age down for how many years?

And if anyone can recommend lenders they work in the past would be great as well.

please feel free to PM.

Like I wrote earlier today, put this in the Marketplace and you'll get more than enough lenders to narrow your search.