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Updated over 4 years ago,

Jeremiah Foley's profile image
Jeremiah Foley's profile image
Jeremiah Foley
  • Member since Apr 30, 2019
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Jeremiah Foley's profile image
Jeremiah Foley's profile image
Jeremiah Foley
  • Member since Apr 30, 2019
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Jeremiah Foley
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Multi-Family and Apartment Investing

to refi commerical property and pay a prepayment

Jeremiah Foley
Posted

Hey guys stupid question, own a 5 family property cash flow is good. Bank has me at a 5.5% interest rate 10year balloon 25yr amortization but with a 3% pre payment penalty. Talking with another bank now offering me 3.75% 5 year balloon 30 amortization. Wasn’t sure because the 3% big price thanks guys be safe 

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