Updated over 6 years ago on . Most recent reply
Commercial Loan Terms
Curious what typical loans to buy a first rental look like? Will be meeting with a local bank and credit union in the next week. I’m underwriting and managing this deal for a family member. Accredited investor, 800+ credit score. Wondering the following:
Typical Amort period?
Typical interest rate (expecting 5%)?
Typical down payment?