Commercial Loan Terms—what are you guys getting?

[Ben Dols]

I'm curious if I'm getting good rates from my local lender. I've done about 10 deals with them and they're extremely flexible. Right now they're loaning me 75% LTV on a rehab house based on what the appraisers opinion of what the ARV will be. So they're very flexible with me but here are the general terms I'm working with

25% down

5.5% Interest

15-20year AM

5 year balloon

I'm fully aware that I'm able to get a secondary market mortgage then quit claim to my LLC but because all of these are in partnerships I don't want to do that at the moment.

For a commercial lender what kind of terms do you get?