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General Real Estate Investing

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Nathan Frost
  • Rental Property Investor
  • Wichita Falls, TX
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20-30 year Commercial Loans

Nathan Frost
  • Rental Property Investor
  • Wichita Falls, TX
Posted Nov 10 2022, 12:37

Hi, does anyone know of anyone that does 20-30 year commercial loans for single family rental properties?

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Will Fraser
  • Real Estate Broker
  • Salt Lake City & Oklahoma City
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Will Fraser
  • Real Estate Broker
  • Salt Lake City & Oklahoma City
Replied Nov 10 2022, 12:38

Of course!  I am in the process of yet another one with Simmons Bank right now and they serve TX, OK, Arkansas, etc.

20 year amortizations are quite normal, with occasionally 25-year a/m being obtainable.

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Alex Bekeza
Lender
  • Lender
  • Los Angeles, CA
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Alex Bekeza
Lender
  • Lender
  • Los Angeles, CA
Replied Nov 10 2022, 12:43

@Nathan Frost Just sent you an email. There is a plethora of different DSCR based 30 year fixed options out there on 1-4 units right now. They tend to have even easier underwriting requirements than the local banks who only offer 5 or 10 year terms for a similar product.

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Billy Daniel
Pro Member
  • Rental Property Investor
  • Russellville, AR
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Billy Daniel
Pro Member
  • Rental Property Investor
  • Russellville, AR
Replied Nov 10 2022, 13:55

I can also vouch for Simmons when it comes to 20-year commercial loans for SFRs.  We have three right now.

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Matthew Crivelli
Lender
  • Lender
  • Massachusetts
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Matthew Crivelli
Lender
  • Lender
  • Massachusetts
Replied Nov 10 2022, 14:11

@Nathan Frost

All Day. Would be happy to take a look! 

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Eliott Elias#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Investor
  • Austin, TX
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Eliott Elias#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Investor
  • Austin, TX
Replied Nov 10 2022, 20:35

I do, happy to connect you