Loan re-evaluation

[Jeff K.]

Hi all.

My LLC currently has a 30 year commercial mortgage for several Baltimore City properties that, under the agreement, goes up for re-eval every 5 years. This is my first re-eval so I am not sure what to expect. I was originally told that they usually do not call the loan, but might adjust the rate. I am currently paying 6.5% with a credit union. Does anyone have any experience with these types of periodic re-evals? Any tips for negotiating to keep the rate the same or even getting it lowered??

Thanks for any insight!