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Updated over 14 years ago,
Can you find LT fixed commercial financing?
I am trying to avoid the typical 5 year balloon you find in commercial RE. Anyone have any experience with or recommendations of lenders who will go beyond to 10 or 20 years.
Although things are stagnate now, 5 years can bring a lot of change and I am concerned about inflation and rising rates when I goto refi.
Specifically I am looking at NNN investment in a 100% occupied class B three story office property in my area. Market rents could reasonably be estimated at $12/sqft. But even at $10sqft I think I can cash flow. $2,100,000 listing price.
Thoughts?