Dec
28
I have a commercial loan on an apartment building. What is a better deal for refinancing?
Filed Under Renting & Real Estate
exfootballgraduate asked:
current terms are 10 year Amortization with a 5 yr balloon with an interest rate at 8.125% (approx 500,000)
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?
GARLAND
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