Price and loan help

General Real Estate Investing
1

We’re looking at trying to buy a commercial building for our business. We’ve found one that already has tennants paying $10k/month with enough room left over for us. I’m trying to figure out exactly how financing and monthly payments is equated though. Can a traditional mortgage calculator be used to figure monthly payments on a commercial building? I think we can get into it for $1m financed.

What would be the monthly payments on that?

thanks,

2

So long as you know the loan amount, interest rate and amortization term you can figure out the payment. It matters not if the security property is a single family home or a commercial property.