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All Forum Posts by: Denise Cook

Denise Cook has started 2 posts and replied 2 times.

Post: Commercial Loan Terms

Denise CookPosted
  • Philadelphia, PA
  • Posts 2
  • Votes 0

Hi All,

I am considering buying my next investment property under an LLC to protect my personal assets. I understand that commercial loan terms are typically shorter than those of consumer loans. The maximum commercial loan term I've come across is 20-years. Are there any lenders offering commercial loans with terms of 25 to 30-years?

Thanks!

Denise

Post: Commercial Financing in Philly

Denise CookPosted
  • Philadelphia, PA
  • Posts 2
  • Votes 0

Hi, All! I'm looking for financing for a residential duplex in the city. I plan to buy the property under an LLC to protect my personal assets from any liability associated with the investment property. Has anyone had positive experience with a commercial lender in the area? I've been in discussions with Meridian Bank. Has anyone had experience with them? Thanks!