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Updated over 8 years ago on .

Todd Norris's profile image
Todd Norris's profile image
Todd Norris
  • Real Estate Investor
  • from Goshen, Indiana
  • Member since Jun 30, 2014
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User Stats

18
Posts
3
Votes
Todd Norris's profile image
Todd Norris's profile image
Todd Norris
  • Real Estate Investor
  • from Goshen, Indiana
  • Member since Jun 30, 2014
Connect
Todd Norris
  • Real Estate Investor
  • Goshen, IN
3
Votes |
18
Posts
Multi-Family and Apartment Investing

Loan options

Todd Norris
  • Real Estate Investor
  • Goshen, IN
Posted

I've recently heard several podcast guests (on BP, Real Estate Guys Radio, and others) talking about 25-30 yr commercial loans, some with fixed rate. I've always bought commercial properties through a local bank on 15 yr notes with 5 yr balloon. The bank I've used cannot go beyond 15 yrs for commercial loans. Can someone point me toward a trustworthy loan source (Indiana) who could handle a 25+ yr non-recourse commercial loan on a property of 800k+? Fixed rate would be the preference, of course.

Anyone else using this kind of loan? Any drawbacks? 

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