Commercial loan for multifamily

[Horacio Gutierrez]

Hello,

Can someone explain to me the process how a commercial loan on a multifamily home is finally paid off. I know thr commercial loans are short maybe 10 years and then at years you have to pay full amount of the loan or refinance. The question how you can you pay off the loan one day if you don't have to.full amount to pay off the loan so you just keep refinancing, so.is there a point where you can pay off the loan if so how?

[Matthew Crivelli]

You can get a 30 Year note if you want to go with a private lender. usually it will be 3,5,or 10 year ARM. Less hoops to jump through and rates aren't terrible either. I think its a better option than a 10 year note.