Recommendation for Commercial loan !

Multi-Family and Apartment Investing
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Recommendation for Commercial loan !

Atta Bari
Member since 2018 · 60 posts · 10 votes

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.

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  • Brent Shryock
    Real Estate Lender · Jacksonville, FL · Member since 2015 · 86 posts · 51 votes
    7y

    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.  

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  • Stephanie P.Pro Member
    Washington, DC Mortgage Lender/Broker · Member since 2016 · 4k+ posts · 2k+ votes
    7y
    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.

    0Reply
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