to refi commerical property and pay a prepayment
Hey guys stupid question, own a 5 family property cash flow is good. Bank has me at a 5.5% interest rate 10year balloon 25yr amortization but with a 3% pre payment penalty. Talking with another bank now offering me 3.75% 5 year balloon 30 amortization. Wasn’t sure because the 3% big price thanks guys be safe