What fees are associated with assuming a commercial mortgage and how long does the process typically take?

Commercial?

Originally from Houston and very familiar with the far NW as a resident (less as a commercial investor).

I took one on my primary residence, paid no origination fees, and make no payments on it unless I use it, and only pay $70/yr maintenance fee, so if I never touch it over the life of the HELOC (10 years) I'm only out a total $700 in 10 years, which I think is reasonable for the access to the cash.

This is even for commercial loans. 

We had 40+ Sfr plus 15 or so in commercial buildings and duplexes and a quad.  

It's only about 8 years old (Weil-McLain) but as you've said the repairs don't justify keeping it long term.The property is zoned G2 Commercial.

@Reese Haley Are you looking for a commercial or residential agent in the Columbia market?

My understanding is over 4 units is considered commercial, and there’s a lot more financial work that’s done with them.I had a 3-unit just done for $675, but it was done as residential... so I think that’s why.

I’m interested in starting off with rental properties (5 units or less) and working my way up to commercial property.