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Updated almost 6 years ago,

User Stats

3
Posts
0
Votes
Alex Kessler
  • Rental Property Investor
  • Iowa City, IA
0
Votes |
3
Posts

Commercial Loan Terms

Alex Kessler
  • Rental Property Investor
  • Iowa City, IA
Posted

Curious what typical loans to buy a first rental look like? Will be meeting with a local bank and credit union in the next week. I’m underwriting and managing this deal for a family member. Accredited investor, 800+ credit score. Wondering the following:

Typical Amort period?

Typical interest rate (expecting 5%)?

Typical down payment?

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