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Updated over 7 years ago, 03/07/2017
James MasottiPoster
Pro Member
- Rental Property Investor
- Washington Township, NJ
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Commercial mortgage interest rates
Last year I was getting commercial financing at 5.5% 70% ARV with a 5/20.
I know that there was a prime rate increase in December so I'm curious what folks are seeing now from their commercial banks if you've closed any loans on SFR with commercial lending.
Two quotes I've seen so far:
- 6.25% - 75% ARV - 5/20
- 5.25% - 70% ARV - 15/15