Opinions on this deal
I have a portfolio of 7 properties, 9 units total, current ARV is 750,000. I have been offered a 30 yr fixed 6.5%, 1% origination, for 575K loan value to the portfolio. It has a no pre payment penalty and is pretty straight forward for a commercial loan. I am thinking this is pretty good based on rent roll to value but what do you guys think?