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Closing costs average?

Hi, I want to ask about a good average percentage for closing costs on a commercial loan? I am paying more than 3 to 6% which seems pretty high for me. by hermes416 from Victorville, California. Jan 21st 2022 Reply

Bert Carpenter (BertCarpenter)
#1 ranked lender in Arizona - 2,385 contributions

Costs associated with Commercial property typically run 150-200% the average for residential properties. 6% is not outside the range I would expect.Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Certified Mortgage Advisor and Certified by The National Association of Mortgage Professionals as a Certified Veterans Lending Specialist.Licensed in AZ, CA, GA, IL, MO, OR & WA... In fact, NEXA is licensed in all states except MA and NY so give us a call. ~ 480-889-9000 - OR - 480-695-9300

Jan 24th 2022
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