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Updated over 3 years ago, 04/09/2021

Veronica Joyner's profile image
Veronica Joyner's profile image
Veronica Joyner
  • Rental Property Investor
  • from Chicago, IL
  • Member since Nov 21, 2020
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User Stats

16
Posts
8
Votes
Veronica Joyner's profile image
Veronica Joyner's profile image
Veronica Joyner
  • Rental Property Investor
  • from Chicago, IL
  • Member since Nov 21, 2020
Connect
Veronica Joyner
  • Rental Property Investor
  • Chicago, IL
8
Votes |
16
Posts
Multi-Family and Apartment Investing

Commercial Financing Deal Evaluation

Veronica Joyner
  • Rental Property Investor
  • Chicago, IL
Posted

Advice needed. I placed an offer on a 7 unit and after a coupe of months, my loan guy emailed a LOI from a bank with the following terms...7.25%/30 yr with 5 year prepay sliding scale penalty starting at 5% with one point reduction each year.

My gut says crappy deal. Any advice?

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