apartment financing forecast

[Paul M.]

I've got until end of 2026 of a fixed rate period on a 5+ unit mortgage, then it adjusts for another 7 year period. Has been 4.5% since 2020, any crystal balls on where rates will be in 2 years? I mean it stands to reason it will not get worse, as these interest rate cycles tend to take a long time, and some places already advertising under 5 something rates. I could also refinance before 2 years is up but closings costs for apartment buildings are expensive right? The DSCR and LTV are good.

Earlier in my life I only did 2-4 unit buildings, they always had rates fixed for 30 years, never had to think about impending rate resets.     It was explained to me that most commercial real estate owners do something with it in the first 5-10 years so it doesn't matter.   But I'm a buy and hold owner operator type guy.