All Forum Posts by: Rich Davis

As this is commercial, 30yr amortization is likely out of the question.  Most lenders will offer two options:

1: 20% down and 20 yr amortization and 10 yr term.

2. 25% down and 25 yr amortization and 10 year term.

Rates will vary by region, lender, and relationship with your lender.  That said, right now, I see 7.75%.

Good luck.

My college rental from the early 90's is currently for sale!

35th & Hamilton.

I thought of buying just for nostalgia sake.