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Updated almost 5 years ago on . Most recent reply

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Guy A.
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6
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Ideal Commercial Mortgage Terms for long term investment 6/2020

Guy A.
Posted

Hi guys,

I am trying to refinance 5 properties with a blanket commercial mortgage. I was offered a loan with a 5 year fixed 4.5% rate and a 10 year balooon payment (25 year ammortization). Is this considered competitive? What is considered competitive in todays market? Consider the fact that these are single family homes - not multiunit. 

Are there better options out there for me that I should look into?

Thanks,

Guy

  • Guy A.
  • [email protected]
  • (267) 246-2223
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