Forward Take-Out Agreement Used to Lock a Rate - Do-able?

[Billy Raz]

Hello,

As you know, the cash flow after debt service will go up or down depending on the rate you are paying and hence the monthly mortgage.

Rates go up and down, but will likely go up in the future.

For someone who's planning a business and is hoping that rates stay below a certain mark in order for their model to produce positive cash flow, is there any way to guarantee with a mortgage broker or banker a specific rate.

Maybe be this can be accomplished with a 'forward take-out agreement.'

Ex: If I plan to acquire 10 rentals this year at an average of 100k per property, total of 1M and want to lock in at 5.5% today for these future acquisitions, can you see a lender agreeing to this? Maybe there's a flat fee involved to preserve this rate.

Just a thought, this maybe unorthodox as I understand that everyone's subject to a a national change in interest rates. 

-billy