I have a freind with a loan through a commercial lender in the amount of 300k that had a pre-pay of 108,000 if paid off within 3 years. He is now selling the property and he has a 68,000 pre-payment penalty. My question: Is there a limit a COMMERCIAL lender can charge on a Pre-Payment Fee. such as in residential its capped at 3% of the loan, but does commercial have a cap?

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