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Updated over 2 years ago on . Most recent reply
John McKeePoster
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Loans in the marketplace
John McKeePoster#5 Commercial Real Estate Investing Contributor
#5 Commercial Real Estate Investing Contributor
- Investor
- Fairfax, VA
I just got a quote from a mortgage banker of 5.65 for 10 years/25 year amortization for a commercial property. Seems like a pretty good deal, although the payments are all interest. This is a property that is paid for and has a tenant with 8 years left on the lease. What are you guys seeing out there in the marketplace.?
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Robin Simon
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Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
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#3 Private Lending & Conventional Mortgage Advice Contributor
- Lender
- Austin, TX
That is a very good option, although maybe you are missing something on the details? Usually a commercial lender won't give a term on a single-tenant property that is longer than the remaining lease without some heavy protections to the lender (huge refinance risk at maturity if vacant)