Commercial Real Estate Loan Terms

[Steve Liautaud]

Hello Lending Experts,

Looking to purchase my first (6) unit multi. I have excellent credit and 35% cash down.

I know that a typical commercial loan is 20 years with the rate adjusted at (5). Do banks ever write fixed loans for the full term on commercial?

[Suzanne Player]

There are many lenders out there, and you’ll need a lot of other information in addition to the amount of fixed vs variable periods offered.  If you are already looking at properties, or even just trying to decide how much you can borrow or the purchase parameters, is not too soon to start getting referrals for commercial mortgage lenders & brokers.  I can’t tell from your profile page where you invest - but there may be a subsection of these forums where you can get the specifics you’ll need.

You can also start with a standard internet search, to find mortgage professionals that work with the property type and area you are interested in.  General answers are not much use, an actual conversation with the right pros can propel you to the next step.