LLC Financing in Chicago

[Michael Downs]

Hi BP. First post. New to REI and ready to buy my first property. Found a SFH in Chicago suburbs and had offer accepted for $135k. Seller wants to close in cash so we will close regardless of financing. I will be buying in an LLC. I've contacted local banks and credit unions but have only been offered commercial loans for 5yr with a balloon. I'm looking to find a commercial loan with 20-25% down and 20yr fixed rate. I have found this with local banks in other markets I've been exploring without trouble. Is this just an issue with the market there or am I not asking the right questions or not pushing the loan officers enough for what I want in our conversations? I don't want to be off putting but I know what I want and based on previous experience I don't think it is unreasonable. Any suggestions for a different approach?