What's the highest rate you've had on a loan?

Memphis, TennesseeHaveEducationWebsite
Classifieds
2yFollow

What's the highest rate you've had on a loan?

Douglas SkipworthBusiness Member
Rental Property Investor · Memphis, TN · Member since 2014 · 1k+ posts · 1k+ votes

What's the highest interest rate you've paid on a long-term loan?  My first two loans on investment properties in Memphis were with Regions Bank at 8.5% and 8.8% (both on 20-year amortizations).

Investor's Guide to Memphis Real Estate
View Page
0Reply
17 views

Most Popular Reply

Jacob Sherman
12 Penns Trail Suite 138 Newtown, PA 18940 · Member since 2023 · 1k+ posts · 319 votes
2y
Quote from @Heather Gates:

My last commercial loan was for 9.25% on a 20-year am with a local bank in Arakansas. It hurt... but planning on refinancing when it makes sense. It's a small value-add MF so cash-flow is still there. 


 Hey Heather ! Lets try to bring you down into the 8's with some possible cashout . We are a direct lender nationally at Lendbright ! 267-516-0896 [email protected] 

2Reply
See this reply in the discussion

3 Replies

Jump to latestLatest
  • Heather Gates
    Investor · Gore, OK · Member since 2022 · 35 posts · 25 votes
    2y

    My last commercial loan was for 9.25% on a 20-year am with a local bank in Arakansas. It hurt... but planning on refinancing when it makes sense. It's a small value-add MF so cash-flow is still there. 

    1Reply
  • Jacob Sherman
    12 Penns Trail Suite 138 Newtown, PA 18940 · Member since 2023 · 1k+ posts · 319 votes
    2y
    Quote from @Heather Gates:

    My last commercial loan was for 9.25% on a 20-year am with a local bank in Arakansas. It hurt... but planning on refinancing when it makes sense. It's a small value-add MF so cash-flow is still there. 


     Hey Heather ! Lets try to bring you down into the 8's with some possible cashout . We are a direct lender nationally at Lendbright ! 267-516-0896 [email protected] 

    2Reply
  • Jacob Sherman
    12 Penns Trail Suite 138 Newtown, PA 18940 · Member since 2023 · 1k+ posts · 319 votes
    2y
    Quote from @Douglas Skipworth:

    What's the highest interest rate you've paid on a long-term loan?  My first two loans on investment properties in Memphis were with Regions Bank at 8.5% and 8.8% (both on 20-year amortizations).


     Depending on the property type, loan amount and credit i've seen upwards into the 11's on no income no doc 30 year fixed loans 

    1Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free