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Updated over 6 years ago,
Is there a way to get commercial financing longer than 15 years?
I have been buying rental properties for about a year now and generally things have gone well. However, I continue to be frustrated having to pass up on deals because the cash flow is not their when I have to finance at 15 years for a commercial loan. If I were able to amortize or get 30 year loans there would be many more deals I could purchase. I am very conservative and try to follow the 50% pretty closely but even if I stretch a bit the deals just are not there on 15 years.
Thoughts? Thank you!