Fixed for 5 years than ARM

[Casey Walker]

Refinancing a commercial property and the bank is saying because it is zoned commercial and has a large garage in addition to the duplex that I have to use a commercial loan.   5 years fixed at 4% then adjustable to the wall street journal prime rate.  If the rate in five years goes up to 10% then the payment would go up another $1,000 a month.  

Do I have any options to get a commercial loan with the rate locked in?

Thanks