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Updated almost 4 years ago,

Jiva Segaran's profile image
Jiva Segaran's profile image
Jiva Segaran
Pro Member
  • Flipper/Rehabber
  • from Easton, MA
  • Member since Aug 19, 2014
  • Posts 84
  • Votes 22
  • Experience 9 Yrs
  • Investments 1
Connect

User Stats

84
Posts
22
Votes
Jiva Segaran's profile image
Jiva Segaran's profile image
Jiva Segaran
Pro Member
  • Flipper/Rehabber
  • from Easton, MA
  • Member since Aug 19, 2014
  • Posts 84
  • Votes 22
  • Experience 9 Yrs
  • Investments 1
Connect
Jiva Segaran
Pro Member
  • Flipper/Rehabber
  • Easton, MA
22
Votes |
84
Posts
Commercial Real Estate Investing

Commercial loan refi asking Prepayment Penalty?

Jiva Segaran
Pro Member
  • Flipper/Rehabber
  • Easton, MA
Posted

Aloha BP fam, Im doing my first cash out refi on a 6 unit residential property and one of the Bank's terms is a prepayment penalty starting at 5%. Is this common? I'm thinking of requesting they take that out but the rate is great. Also a half point commitment fee. Thoughts?

  • Jiva Segaran
    • 1 Vote
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