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Updated over 15 years ago,
Interest rate for commercial mortgage?
Can someone please give me a rough estimate of what interest rate I should expect to pay for a 16-unit apartment complex? I would prefer a 30 year fixed loan, but I'm not sure what is typical for commercial. I have 790+ credit score and would be able to pay a 30% down payment. Cap rate is ~10%. I'm not sure what other info is needed.
- Mariah Jeffery