Finding a fixed 30 year in Oklahoma
I currently have a few SFR's and MultiFamilies and have them all on commercial loans from 5-6% interest / 20 year / adjust every 5 years.
I have contacted my lender and a few others that are local and am having a hard time getting a straight answer to some questions. I have always done commercial, in-house, 20 year loans with my current banker because it is super flexible and he is awesome BUT with rising interest rates and my adjustable loans continuing to come due I am thinking about getting 30 year fixed loans BUT each lender I have contacted has told me that I cannot get this done with my LLC on the loan?? Is this true?? Do I have to put my personal name on a 30 year fixed?? If so, do you all do this??
Any and all help, direction, or insight in what you all are doing to mitigate risk and take advantage of fixed low-interest rates would be great! Thanks