What does a “typical” commercial loan look like? Socal, $1.5m industrial building, owner occupy.
I’m not in a position to do it now but one day I would like to own my own building.  

I understand that commercial loans are very different from residential mortgages.  what would your “typical” loan look like?  

down?  apr?  years?  

i’m putting typical in quotes because I know that every deal is different.  but can some of you show me what a common deal looks like?
[{"id": "gf93tyz", "text": "More down and a shorter term compared to residential. Hard to say without the deal/property in front of me, but 20% down for 30 years is not a thing for commercial.", "replies": [{"id": "gf946kk", "text": "thanks for your comment!  \n\nwhat does your typical deal look like?  \n\n25% down?  5% apr?  20 years?\n\n50% down?   8% apr?  10 years? \n\njust a really rough ballpark?  thanks!", "replies": [{"id": "gfagamf", "text": "30-40% down is the range that I have seen, above 50% is less common.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "gf94gr4", "text": "SBA loan would be 10% down, 4.5%, 20 yr loan, 30 amm", "replies": [{"id": "gf969k6", "text": "how do most owners handle the balloon payment at the end of the 20 years?  do they get another loan?  or do they just pay it off?", "replies": [], "depth": 2}, {"id": "gf9fenu", "text": "Can you do SBA loans for residential commercial properties as well?", "replies": [{"id": "gfac3c9", "text": "Mixed use or multi family?", "replies": [{"id": "gfaw0wo", "text": "I hadn\u2019t thought of mixed use but I guess an answer to both cases would be nice to know.", "replies": [{"id": "gfb4xvp", "text": "No I don\u2019t believe so. You need a business", "replies": [{"id": "gfdi1ll", "text": "What if your business occupies the first floor and there's an apartment or two on the second floor?", "replies": [{"id": "gfe0rey", "text": "Sounds like that qualifies", "replies": [], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "gfa2bum", "text": "Other than a CDC ,how else can you get a SBA loan?", "replies": [], "depth": 2}], "depth": 1}, {"id": "gf97gft", "text": "I\u2019m a commercial lender- standard structure for a conventional loan would be:\nTerm: 5-10 years (if 10 years, the bank might want to reprice the loan after 5 years)\nAmortization: 25 years \nRate: around 4%\nLTV: 80% (20% down)\nFee: 1/2 point\n\nOnce the loan comes due you just renew the loan. When you get a commercial loan it starts a long term relationship with the bank.  The bank will collect your financials and taxes every year, test your debt service coverage and then when it\u2019s time to renew it won\u2019t seem like a big deal.", "replies": [{"id": "gfcpruk", "text": "What would other closing costs for the buyer look like in addition to the 1/2 point fee? Do you see the fee priced into the loan amount", "replies": [{"id": "gfcqt9j", "text": "Flood cert $15ish, appraisal $2500-3500, title, - yes you can include the fee in the loan but the LTV must not go above 80%", "replies": [{"id": "gfeadj2", "text": "Legal fees like $5,000 - $10,000\nEnvironmental report $2,000ish \nBuilding condition report (if required by bank) $3,000 - $5,000", "replies": [{"id": "gffejxn", "text": "Yeah, I guess it depends on what state you live in to know if your loan closing would be with a title company or an attorney.  A deal that size the bank will use their own loan documents.  \n\nIn AZ a Phase 1 environmental costs $1500.  It varies by bank and the prior use of the property if they will require a Phase 1.  A lot of times on deals this small the bank can do an online environmental check that costs a couple hundred dollars.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "gf9ovay", "text": "I\u2019ve gotten 5 commercial loans this year. They have ranged from 5 years at 3.65% 25 year am with 25% down, to 7 year 3.6% 20 year am with 30% down, to 3.1% 10 year term, 25 year am with 35% down and escrow 6 months of payments for one year (Starbucks with 10 year lease).", "replies": [], "depth": 1}]