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Updated about 6 years ago,
Should I Refinance My 5 Plex
Please help! I worked really hard on my first multi family property and created a lot of equity but also was able to lock it down on a 30 year mortgage at 3.25% apr. I’m not sure if I should refi and enter the commercial world of finance and pay a higher interest rate with the unknown of future rates and having to be forced to refi every ten years. If anybody has creative ideas to get some of my equity out and still keep my loan please chime in. The banks will not do a second on a commercial property. Thanks in advance