Updated almost 5 years ago on . Most recent reply
How can I go to fixed Interest rates from ARM
Good afternoon all. I am more or less done adding to my portfolio and currently have 27 loans on a total of 42 doors. All of these loans are at around 4.85% interest and on 1, 3 and 5 year reset loans with 10 year balloons and amortized over 20 years. I am currently sitting at around 50% loan to value and owe around $1,000,000 combined. Is there a cheap or easy way to get all of this debt consolidated together and on a lower fixed interest rate? Ideally I would just refi it all back out to a 20 year note and reap the benefit of higher cash flow. What sort of hoops would I need to jump though to do so? I appreciate any and all feed back, thanks!