Interest Rate 1/2016

[Ash Patel]

Most of the commercial properties that I buy are ones that make lenders cringe.  Vacant for years, need rehab etc.  I finally have all of my properties stabilized and cash flowing nicely.  My local banks rarely do anything beyond 5 year notes (15yr AMT) on commercial property.  I was able to get my bank to commit to 10 years at 5% today (15yr AMT) because they were matching a competitor.  This came without any struggle so I am wondering if this is really the great deal that I think it is?

Properties are mixed use, retail, medical, office.  No national tenants, just local businesses. 

Thanks! Ash