Forgotten Your Password?

Need to Register?

Question Icon

Refinance

Can I refinance a commercial loan for a lower interest rate? by Nanci Merecki from , Michigan. Mar 7th 2012 Reply


Mary Fox (hmfcontact)
#10 ranked lender in Pennsylvania - 6 contributions

Yes you can Nanci, as long as there is equity in the property, decent credit, and the property is cash flowing.

Mar 7th 2012
0
0
Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions

Probably. You can find many commercial lenders in the Scotsman Guide. Check them out at www.scotsmanguide.com ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com

Mar 7th 2012
0
0
William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

Yes.. Scotsmanguide.com is a great resource.. WilliamAcres.com

Mar 7th 2012
0
0
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,843 contributions

Commercial mortgage loans, just like any other loan can always potentially be refinance. Contact a local licensed lender, give them a full application, and let them review your options.

Mar 8th 2012
0
0
Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions

Hi Nanci, Yes, virtually any loan can be refinanced including commercial loans. Keep in mind that the guidelines, rates and loan structures for commercial loans are very different than residential options. You're unlikely to find a 30 year fixed rate at 4 or 4.25% for a commercial loan and baloon payments are not uncommon.

Mar 8th 2012
0
0
Subscribe to our news feed.