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Updated over 4 years ago,

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7
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0
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Tyler HOOD
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7
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What is the longest reasonable for small commercial Multifamily?

Tyler HOOD
Posted

I am coming up on a balloon payment for an 8 plex with a value around 1mm. The bank  is pushing a 5 year term hard. With interest rates where they are, I would love a longer term. Any ideas on what I should reasonably expect/ask for? I shop banks relatively often but have been happy with this bank otherwise so I don't want to push if I can't find it anywhere else. TIA

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