Question on cash out refi rates

[Glenn Barlow]

Hi BP Fam

I am in the process of doing a Cash-out Refi (75% LTV, 2-4 unit mix, new loan amount approx $1.9M/1.25 DSCR min) and just wanting to see what sort of comparative rates others are getting out there at the moment.

Im getting a 40 Yr with first 10 Yr interest only at 7.25% when all is said and done. Its a 5 Yr Prepayment Penalty (5%).

Just want to make sure I am not getting what the market is sat at now in this increased rate crazy world.

Any advice would be appreciated. Chime away!

GB