Share your loan wins! (Private or bank)

[Kyle Robertson]

My best deal so far was with a bank that was local to the 12-plex I was buying. It was my very first commercial loan and without any negotiations they gave me a 25 year amortization with 15% down and a 5 year balloon. Pretty awesome deal! However when we bought the next apartment (18 units) they wouldn’t even come close to that again. 20% down, 20 year amort, and a 5 year balloon. Still couldn’t find anyone else to beat that so we went with them anyway.