Updated over 5 years ago on . Most recent reply
Current Commercial Lending Rates and Terms for LLC
I am purchasing another duplex in Florida. Local banks (not the big boxes) are quoting me 4.5% for 5 years/ballon on a 20 year ammoritization with .5 points. I am putting 20 to 25% down. The best I could do on a 15 year fixed was 4.25 and .5 points to close. Just seems high to me given the current circumstances. Discount rate at 0%. 2.5% financing on conventional home loans. Its not a risky property. Fully rented at a 1.5% debt ratio. Not sure if that is just the way it is right now or if I can do better. Advice?