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Updated over 7 years ago on . Most recent reply
Commercial Lender Terms. What to expect?
I am looking to change my strategy from SFH and small Multiunits to more commercial properties of 4+ units. I have been in contact with a commercial lender and he gave me the following terms as a rough estimate on what I could expect for the loan.
70-75% LTV
5/1 ARM
Rate between 4.75% - 5.75%
20-25-year amortization
Is this generally the norm for these kinds of loans? Any insight on this would be greatly appreciated.
Thanks everyone.
Most Popular Reply

I was able to get 80% LTV, 10 year fixed, 20 year am last year. I pushed every bank to maximize the fixed term so I can lock in my numbers and get the building paid off.