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Updated over 6 years ago,

Casey Barickman's profile image
Casey Barickman's profile image
Casey Barickman
  • New to Real Estate
  • from Oxford, MS
  • Member since May 23, 2018
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User Stats

20
Posts
6
Votes
Casey Barickman's profile image
Casey Barickman's profile image
Casey Barickman
  • New to Real Estate
  • from Oxford, MS
  • Member since May 23, 2018
Connect
Casey Barickman
  • New to Real Estate
  • Oxford, MS
6
Votes |
20
Posts
Starting Out

Commercial loan through local bank for first deal

Casey Barickman
  • New to Real Estate
  • Oxford, MS
Posted

I want to fund my first deal and have money down. I met with a local bank that has commercial rental loans on a prime rate + 0.75% on a 5 yr fixed, 15% down, and amortized over 25 yrs. However, the after the 5 yrs it is adjustable with no cap. 

Thoughts?

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