What is everyone getting for Interest Rates??

[Justin Thiesse]

Just wondering what everyone is getting for interest Rates on commercial property. I am currently doing a loan at 5% at 20 year amortization 5 year fixed. I have been told people are 4.5% at certain credit unions but have not found that. Any suggestions??

[Josh Anderson]

@James Kats @Justin Thiesse @Jason Orr morning Guys. I’m a commercial lender at MetaBank in Sioux Falls. The interest rate you’re going to get is typically based on if it’s an operating or a real estate loan. We focus primarily on real estate lending and most banks are going to price their loans at a spread over the 5yr or 10 yr treasury. That spread has recently been 2.30-3.00% depending on the bank and strength of the deal. Shoot me a pm with your contact info if you want me to look at anything.