I am considering buying a Bed and Breakfast and while I am familiar with residential Real Estate loans, I know nothing about Commercial Loans.
I've talked to a Bank in Arkansas where the property is located and they are talking 8.25-8.5 % loan Amortized for 20-25 yrs due in 3 years on a 400K loan and I'm putting down 500K!
I'm wondering if anyone out there with more experience than me, could tell me if I could find a better scenario than this? Or is this about what I'm going to have to pay? I guess I thought because Im putting such a Large Down payment and my credit is excellent that I could do better.

I'd appreciate any input, Thanks,

John

Hello John Contact me I may be able to help you get the best loan for your needs.

Without looking at the numbers it's hard to say but on the surface it seems like a reasonable offer from the bank.