Commercial Lending Rates and Terms

[Brant Jones]

Hi BP,

Looking for some feedback on what others are seeing as typical rates and terms on 5+ unit financing, under $1M, assuming no less than 70% LTV on the property.

This will be a refinance out of a fix-and-flip (hold) product to permanent financing after the rehab is complete. ARV is $930k.

Thanks in advance for the help!

-Brant

[Eitan Rozenberg]

@Tom S. sure thing I've seen it! It's not common with every lender, but mortgage brokers (like myself) have been around the block enough to see them.