In my case, the interest rate, amortization, payments, LTV, and terms were all superior to what I could get from the commercial lenders (the ones who would give me the time of day). I had a few years to get the loan and I figured I was a shoo in. At the time, I could easily qualify to get a house in San Diego for the same price as the apartment (in excess of 10 units). But I underestimated the lending environment, and how difficult it was to get the commercial loan.
