I have a commercial loan on an apartment building. What is a better deal for refinancing?
current terms are 10 year Amortization with a 5 yr balloon with an interest rate at 8.125% (approx 500,000) by rjahmn from Portland, Oregon. Jul 12th 2011
MIKE CONVIN (mconvin)
#6 ranked lender in Delaware - 202 contributions
hi there: what is the value of the commercial? location? We have flexible guidelines and common sense underwriting....call to discuss. Mike (703 505 5300) ..rates are from 5% ...mconvin@stconvininc.com
Gianni Cerretani (mortgagegodfather)
#32 ranked lender in Georgia - 238 contributions
GET WITH MR. CONVIN I USE HIM FOR ALL MY COMMERCIAL DEALS-GREAT PROGRAMS
Rudi Hofmann (CaPortfolioLoans)
#281 ranked lender in California - 380 contributions
Much better rates are available. I suggest you seek a 30/30 or 20/25. That way you won't be refinancing several times. A 5/1 is the most common and it is amortized over 30 years.Happy funding, Rudi
Gianni Cerretani (mortgagegodfather)
#32 ranked lender in Georgia - 238 contributions
Caloan- so you really have better commercial rates on 30 year terms under 5%??? I will call your bluff as I have 6 deals I can send you if that is the case.
Ulysses Fletcher (ufletcher8141)
#26 ranked lender in Georgia - 245 contributions
If you can send me your email address,I can see what deal that I can get for you on your refinancing.My email address is:ulyssesfletcher@numail.org.
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