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Updated over 9 years ago,
Do portfolio lenders provide long term fixed rates for commercial properties?
Hello! Can someone please tell me if it's possible to find portfolio lenders who offer long term fixed rates for commercial properties (specifically, apartments)? I am in Atlanta, GA and I have called 20+ local banks. Everyone I talked to only provides balloon loans for apartments. I wonder when others talking about making hundreds of calls to find portfolio lenders, do they mean to find a lender to offer fixed rates? Just want to make sure what I'm looking for is realistic... Any advice would be greatly appreciated!