Typical commercial loans terms?

[Tj M.]

What are typical terms for a $2.5 to $5 million commercial loan for a apartment complex?

[Arn Cenedella]

@Tj M.

I second @Simcha Davidman, his comment is spot on.

If it is a stabilized asset 90%+ occupied with a 2 year history of producing a certain NOI, and you wish to hold long term, agency debt is the way to go.

If it is a distressed property or heavy lift value add, then a commercial loan may be your only option.

You also need to sync your loan choice with your business plan.