Need a Commercial Lender Capable of Doing 30 year Fixed Rate Loans

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Need a Commercial Lender Capable of Doing 30 year Fixed Rate Loans

Polo VazquezPro Member
Real Estate Agent · McAllen, TX · Member since 2017 · 382 posts · 281 votes

Hi BP,

I have a client that is planning on buying mid-size apartment complex buildings (5-50 units). A 20-25 year mortgage with 5 year balloon works great for a 150+ unit complexes but not so much for smaller complexes. I'm looking for a lender that can do a 30 year fixed rate loan. Maybe less years but definitely fixed rate.

If anyone knows any lenders that can do this I would highly appreciate.

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Devin PetersonBusiness Member
Lender · Sarasota, FL · Member since 2022 · 2k+ posts · 677 votes
8mo
Quote from @Polo Vazquez:

Hi BP,

I have a client that is planning on buying mid-size apartment complex buildings (5-50 units). A 20-25 year mortgage with 5 year balloon works great for a 150+ unit complexes but not so much for smaller complexes. I'm looking for a lender that can do a 30 year fixed rate loan. Maybe less years but definitely fixed rate.

If anyone knows any lenders that can do this I would highly appreciate.


 Can you give some more specifics on the asset and collateral itself? Are they seeking stabilized debt? i.e., looking at a piece of property that is more or less turnkey-ready. Do they need to renovate at all? A lot of apartment buildings for sale are coming with well below market rents, and the longer amortization schedule debt doesn't use pro forma projections to underwrite debt service, so a lot of the times a bridge project is needed, or the buyer can anticipate putting at least 30%+ down to keep the debt yield maintenance in check. Tons of moving parts, happy to help!

[email protected]860-538-3672
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  • Reginald TrussPro Member
    Lender · Toledo, OH · Member since 2015 · 1k+ posts · 96 votes
    8mo

    c reply to Polo Vazquez

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  • Reginald TrussPro Member
    Lender · Toledo, OH · Member since 2015 · 1k+ posts · 96 votes
    8mo

    Curious what structures you're seeing actually work right now for 30-year fixed on commercial — especially DSCR vs bank portfolio execution.

    Are lenders still holding 30-year paper in-house, or are most of these getting repriced / adjusted after stabilization?

    0Reply
  • Devin PetersonBusiness Member
    Lender · Sarasota, FL · Member since 2022 · 2k+ posts · 677 votes
    8mo
    Quote from @Polo Vazquez:

    Hi BP,

    I have a client that is planning on buying mid-size apartment complex buildings (5-50 units). A 20-25 year mortgage with 5 year balloon works great for a 150+ unit complexes but not so much for smaller complexes. I'm looking for a lender that can do a 30 year fixed rate loan. Maybe less years but definitely fixed rate.

    If anyone knows any lenders that can do this I would highly appreciate.


     Can you give some more specifics on the asset and collateral itself? Are they seeking stabilized debt? i.e., looking at a piece of property that is more or less turnkey-ready. Do they need to renovate at all? A lot of apartment buildings for sale are coming with well below market rents, and the longer amortization schedule debt doesn't use pro forma projections to underwrite debt service, so a lot of the times a bridge project is needed, or the buyer can anticipate putting at least 30%+ down to keep the debt yield maintenance in check. Tons of moving parts, happy to help!

    [email protected]860-538-3672
    ProAlpha Capital55 Reviews
    WebsiteView Page
    1Reply
  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    8mo
    Quote from @Polo Vazquez:

    Hi BP,

    I have a client that is planning on buying mid-size apartment complex buildings (5-50 units). A 20-25 year mortgage with 5 year balloon works great for a 150+ unit complexes but not so much for smaller complexes. I'm looking for a lender that can do a 30 year fixed rate loan. Maybe less years but definitely fixed rate.

    If anyone knows any lenders that can do this I would highly appreciate.


     Happy to connect and assist 

    [email protected]818-269-7983
    LuxePrivate Investments LLC 570 Reviews
    WebsiteView Page
    1Reply
  • Andrew Zamboroski
    Lender · Member since 2021 · 498 posts · 131 votes
    8mo
    Quote from @Polo Vazquez:

    Hi BP,

    I have a client that is planning on buying mid-size apartment complex buildings (5-50 units). A 20-25 year mortgage with 5 year balloon works great for a 150+ unit complexes but not so much for smaller complexes. I'm looking for a lender that can do a 30 year fixed rate loan. Maybe less years but definitely fixed rate.

    If anyone knows any lenders that can do this I would highly appreciate.


    So good DSCR options on these. Rate may not be as sharp, but it has its benefits with a fixed loan for so long.

    0Reply
  • Jared RineBusiness Member
    Lender · Sacramento, CA · Member since 2009 · 1k+ posts · 277 votes
    8mo

    @Polo Vazquez // Please reach out as you want.  There are lenders who can provide this, depending on the scenario; also, if there's flexibility, hybrids exist as well - fixed periods (W/adjustable after) but NO balloon. I'd be curious to see general details. 

    Jared Rine United Lending Partners53 Reviews
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