Commercial cash out refinance interest rates

3 Replies

@Angel Gipson I recently did a cash out refinance (no seasoning period) on a duplex BRRRR in Oklahoma City and got a 20 year amortization, 4.75% fixed for 2 then variable. This is a commercial loan product to my LLC.

I wish I had gotten a higher interest rate in exchange for fixed, but I'll probably look to refinance under a portfolio loan or something like that depending on where interest rates are in 2 years.