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Updated almost 9 years ago,
Commercial loan refi at term end
I am currently approved for a commercial loan that is amortized over 20 years, but with a 5 year term. At the end of the 5 years, are these typically "refinanceable"? Or should I be aggressively trying to pay this down? I feel that the numbers work favorably and it's a solid investment for both sides, but just looking for input from others that have experience.
Thank you in advance!