Commercial and savings banks have so much money to invest that a growing number are making fixed-rate loans to commercial real estate properties with longer terms—five-year and seven-year terms are not uncommon. “I’ve seen some banks going out 10 years,” says E.J. Burke, executive vice president and group head for KeyBank Real Estate Capital. Burke is also chairman-elect of the Mortgage Banker’s Association. Not every commercial bank is willing to make ... Freemium Content

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