Current Commercial Loan Terms and Rates

[Aayush S.]

Hello BP,

I recently found an 8-plex property on the market and I'm wondering what the terms are for a commercial loan in order to get that property. So far I've been seeing 5-year terms, 20-year amortization, and below 6% interest rate. Could someone provide some insight on the current rates they are seeing and whether or not the terms given to me are common? Please feel free to PM me or post below.