Updated almost 4 years ago on . Most recent reply
Commercial loan question
If you take out a 10 year commercial loan, amortized over 30 years, with a balloon payment at 10 years, what happens 10 years from now when the interest rates are definitely going to be higher than they are now? I'm assuming you find a bank to refinance the loan but is there any risk of the banks rejecting this loan? Just trying to grasp the commercial loan risks as I am only familiar with the residential loans.
Thanks
Most Popular Reply
There are also 30 yr fixed term loans available out there for commercial properties.