I have a commercial loan on an apartment building. What is a better deal for refinancing?

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Saturday May 19th 2012

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)

can refi with another lender with same terms with 8.00% (approx 480,000)

or can refi with original bank at 7.625% with one year of the original note being paid down already?

Post Published: 19 June 2009
Author: ethX
Found in section: Commercial Real Estate Financing Questions

Tags: amortization, interest rate, yr balloon

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One Response to “I have a commercial loan on an apartment building. What is a better deal for refinancing?”

Chris says:

June 19, 2009 at 11:06 am

Depending on what state your in things may be different. If you are in CT,MA,RI,or ME give me a call 508 496 1095

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