What rates and terms do you pay for big deals?

[Timothy Hero]

I've been involved in the 1-4 unit side of things for the past few years and I'm curious to know what people typically pay on the rate for bigger projects. I'm talking loans of $3 million+. Things like 50-unit apartment buildings.

I'd like to know the terms and rates people seek.

[J. Mitchell Bernier]

@Timothy Hero This all depends on the deal, but standard rate is anywhere from 4-5% fixed for 5 years with a 20 yr amortization schedule. Your loan fee will range from 25 basis points to 50 basis points but should never be a full 1%.

Hope this helps!