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Updated almost 3 years ago,
First Time Commercial Lending
Hey y'all, my wife and I are looking at our first commercial purchase (a five apartment building). The lender we're working with asked us for a pro forma mortgage. I've done this in residential, but I'm unfamiliar with the commercial process (terms, length, etc.) and have been told it can vary a bit more. Is there a typical set of terms and such in commercial I should be using?