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Updated almost 18 years ago,
Price and loan help
We're looking at trying to buy a commercial building for our business. We've found one that already has tennants paying $10k/month with enough room left over for us. I'm trying to figure out exactly how financing and monthly payments is equated though. Can a traditional mortgage calculator be used to figure monthly payments on a commercial building? I think we can get into it for $1m financed. What would be the monthly payments on that?
thanks,