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Updated about 9 years ago on . Most recent reply

Shawn Coverdell's profile image
Shawn Coverdell's profile image
Shawn Coverdell
  • Investor
  • from Clatskanie, OR
  • Member since May 24, 2014

User Stats

212
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233
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Shawn Coverdell's profile image
Shawn Coverdell's profile image
Shawn Coverdell
  • Investor
  • from Clatskanie, OR
  • Member since May 24, 2014
Shawn Coverdell
  • Investor
  • Clatskanie, OR
233
Votes |
212
Posts
Private Lending & Conventional Mortgage Advice

what is a 10 year loan commitment on a commercial loan?

Shawn Coverdell
  • Investor
  • Clatskanie, OR
Posted

Applying for first commercial loan for a small apartment building. 25 year amortization. 4.99 APR. 5 year adjustment with a 10 year loan commitment.

Can someone please help me understand the 10 year loan commitment? 

Thank you,

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