Interest Rates on Commercial Loan?

[Tariq B.]

Hello!

I took quite a break from buying properties and now on the hunt again.

I’m curious what rates look like these days for a commercial apartment building around 1.5M.

If any lenders could chime in or investors who have seen recent rates please share!!

Thank you!

Tariq

[Ko Kashiwagi]

Hi Tariq,

Which areas are you looking at and how much are you looking to put down? Commercial programs a heavily dependent on location and NOI (less one size fits all compared to residential). If it's high LTV, most likely it's in the 6's to 7's for long term,