Normally, the cap on seller concessions is 6% of the sale price, but that’s not the case for commercial loans.Here are the trade-offs:5-year stepped prepayment: A typical residential loan at this price point isn’t allowed in the state, but with commercial, those rules are different.20-year amortization: This means higher payments, but it forced me to ensure my deal works under strict terms.Interest rate: It came in at 7.9%, not stellar but still good.Overall, I’m pretty proud of this deal.

That was the nail on the head I was looking for.

Hi @Stacy Tring, @Bill B. pretty much nailed it.

@Havan Surat lots of great info in this thread but @Greg Downey nailed it.

@Jay M. hit the nail on the head here.

Quote from @Jay Moore: John nailed it.

I have to remove the nails on the walls, add fillers, touch up and repaint some part of the home.

@Jill F. hit the nail on the head with "Your careful questioning is probably saving you from expensive problems".Just encountered a similar situation myself.

Go put lipstick on a pig in the hood, versus higher quality makeup on a model the model will have no cap on value.

For a cabin in the mountains, you'll probably have to get a hot tub, otherwise you just gave you STR a nail in the coffin.