30 Year Financing on a Commercial Loan?

[Ben Smith]

Does anyone know of a commercial loan product that is amortized over 30 years?

[Andrew Beauchemin]

@Ben Smith A 30-year amortization is not uncommon for a commercial loan.

The term of the loan may be shorter (typically 5, 7, 10 years), which will have a balloon payment at the end of the term, but the payback structure can still be amortized over 30 years.

[Brian P.]

@Ben Smith I have a half-dozen commercial loans for my buy and hold properties. They are all based on a 25 year amoritization. Just like like with interest rates, your pay back period is something that differs between banks.

[Kenneth Mendonca]

@Ben Smith FHA offers 35 year fixed with a 35 year amortization. One of the best products out there if you can handle the 6-9 months it will take to close a deal! As of today rates are as low as 2.78% according to LoanCenter platform!

DM me if you're interested to learn more about FHA! Happy to chat about this all day!