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Updated about 9 years ago on . Most recent reply

User Stats

11
Posts
8
Votes
Mark Elmore
  • Flipper/Rehabber
  • Carlsbad, CA
8
Votes |
11
Posts

Locking in low fixed rate for a commercial building (office)

Mark Elmore
  • Flipper/Rehabber
  • Carlsbad, CA
Posted

I'm looking to possibly take advantage of the crazy low rates and refi from a floating into fixed as long as term as I can go.  Hopefully 15 yr plus... any idea on terms and who would be good for these on a NV property?  From my experience, banks usually like the floating terms to protect themselves from rising rates.  I'm in the San Diego area... I currently have a 10% ltv loan but would cash out at 70% or 80% depending on the terms.

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