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Updated 14 days ago on . Most recent reply

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Tim Nethers
  • Orlando, FL
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Where do investors find reasonable 30 year fixed rate Commercial Loans?

Tim Nethers
  • Orlando, FL
Posted

I have a solid relationship with the seller of a 5-unit (4 apartment, 1 commercial) building in Mercer County, PA. I currently have a reliable team with my managed properties in the area; however, I don't have a commercial lender. The seller wants $150k, and the numbers check out. Where do people find these 30+ year commercial loans that are mentioned in BiggerPocket Stories and Podcast. I keep coming across 5-10-15 year notes with balloons.

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Chris Seveney
  • Investor
  • Virginia
15,741
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

Most commercial loans are 10 or 20 years

if these are on separate parcel I would 100% treat it as 2 transactions as you could get a DSCR loan for the 4 unit and for the commercial a different loan.
of it's one parcel and mixed use probably best you can do is 20 years 

  • Chris Seveney
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7e investments
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