Loan Advice for First Commercial Property (NNN)

[Carrie Giordano]

I've been investing in SFH for the past 10 years and recently got an offer accepted on my first commercial property. It's a NNN in Louisiana.

From lenders we have spoke with we have only been offered 5 year fixed loans that move to variable. My question is, do any lenders provide fully fixed loans on commercial properties? Is it possible to do an SBA loan?

[Kevin Sellers]

Carrie - I am a commercial mortgage broker specializing in STNL properties nationwide.  For most of my transactions, I am arranging financing with 10-year fixed rates.  But of course, loan terms heavily depend upon the tenant, remaining lease term and location/demographics.