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Commercial property

Posted on 7/24/24 at 8:54 pm
Posted by Dandaman
Louisiana
Member since May 2017
797 posts
Posted on 7/24/24 at 8:54 pm
What kind of loan terms can you expect right now on a 4 unit strip mall - price is 1.2 m
Posted by soupboy10
Member since Feb 2016
81 posts
Posted on 7/25/24 at 5:50 am to
As a commercial banker I would expect you to receive 5 year term with a 20 year amortization. Rates between 7.50% to 9.00% depending on bank. Where are you located?

I would imagine most banks would require 20% down payment.

I work at a community bank and we look at global cash flow and property specific cash flow.
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