Commercial Loan

[James Syed]

Hello BP members,

I am currently offered a commercial loan with the following terms;

Interest Rate          5.25%

Down Payment      25%

Amortization          20 Year

Term                      5 Year Balloon

I'd prefer at least a 10 year balloon @ 4.5% with 25 year amortization. Is that possible? My credit score is above 800. I have 3 year experience in real estate investing.

Any suggestions would be appreciated.

[James Syed]

@Joel Owens

Thanks again. I agree 100%.

I will accept the these terms if I don't get better terms by the next week. Thank you again for valuable information. It boots my confidence.

No where else, but at BP, you get this expert advice and that's FFFFFRRRREEEE.

Also, thanks to Josh and Brandon for working so hard to provide us such a great platform.