Had a bit of a search online and here, but there doesn't seem to be many details publicly available for commercial loans.
For a purchase in the $400-600k range. Metro Area. Office.
What's the maximum LVR that can be expected (earlier threads suggest aim for 80%, but expect 70-75%?)?
Does it make a difference that I could comfortably service the loan (e.g. $300-450k) whether there is a tenant or not?
What interest rate can be expected for a commercial loan at 70/75/80%?
Are fixed terms available, e.g. a 5 year or 10 year fix (and what rates can I expect)?
For a purchase in the $400-600k range. Metro Area. Office.
What's the maximum LVR that can be expected (earlier threads suggest aim for 80%, but expect 70-75%?)?
Does it make a difference that I could comfortably service the loan (e.g. $300-450k) whether there is a tenant or not?
What interest rate can be expected for a commercial loan at 70/75/80%?
Are fixed terms available, e.g. a 5 year or 10 year fix (and what rates can I expect)?