Commercial mortgage interest rates

[James Masotti]

Last year I was getting commercial financing at 5.5% 70% ARV with a 5/20.

I know that there was a prime rate increase in December so I'm curious what folks are seeing now from their commercial banks if you've closed any loans on SFR with commercial lending.

Two quotes I've seen so far:

1. 6.25% - 75% ARV - 5/20
2. 5.25% - 70% ARV - 15/15

[Jesse Andrews]

Hi James-

Up here in Rhode Island I was recently quoted 5.75%, 75% LTV and 20 year amortization for a cash out refi on a multi family held by my LLC.

This was a small local bank in RI.
Good luck