Has anyone done a insurance commercial real estate loan?

[Adam Philpot]

Has anyone done a commercial real estate loan through an insurance company? I’m just learning of this form of lending and found a company in my town. On its face, it looks like the rates are great, non-recourse, and could potentially could get a 20yr note. The only downside is early payoff penalties.

Am I missing anything? This feels like a great opportunity and wondering why you don’t hear about it more often.

Thanks