￼Im looking in to doing a commercial cash out refinance. What interest rate should I expect?
Is it higher for a commercial loan than a traditional? ￼
@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.
I would aim for the low 4's probably
Thank you so much that really helps.