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Updated over 11 years ago on . Most recent reply
Commercial loan payment: what's included?
Hi all-
I am looking into my first commercial multi-family loan. Do commercial loan payments include PITI like a residential loan? Or is it just principal and interest, with the tax and insurance paid by the loan holder?
Most Popular Reply
@Joel Owens - I am researching properties and lenders, looking at purchase prices between 400K-500K and the properties are around 12-24 units. I did have a local bank that was being really helpful, but the specific property we were looking at didn't hold up under analysis. Now I have a different property in my sights and it's out of their lending area. darn. Lender #1 has supposedly forwarded my info to someone else but they haven't gotten back w/ me...
@Ryan M. - I'm happy to go either way, I am just trying to understand what the expectations might be.
@Bill Gulley - I'm an Olivetti gal, myself