Loans in the marketplace

[John M.]

I just got a quote from a mortgage banker of 5.65 for 10 years/25 year amortization for a commercial property.  Seems like a pretty good deal, although the payments are all interest.  This is a property that is paid for and has a tenant with 8 years left on the lease.  What are you guys seeing out there in the marketplace.?

[Robin Simon]

That is a very good option, although maybe you are missing something on the details?  Usually a commercial lender won't give a term on a single-tenant property that is longer than the remaining lease without some heavy protections to the lender (huge refinance risk at maturity if vacant)