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Updated over 6 years ago on . Most recent reply

User Stats

70
Posts
16
Votes
Sanjoy V.
  • Atlanta, GA
16
Votes |
70
Posts

Best loan structure and terms for Multifamily

Sanjoy V.
  • Atlanta, GA
Posted
Hello everyone, If I plan to buy a property and potentially exit in three hours or less but still I want to have the safety net for 10 years if the market changes what do you suggest. I am concerned about the balloon payments if I took it for 10 years and had to pay back early. What are the typical early payment penalties, let’s say for a 4 million loan. Is interest only better?what are the advantages disadvantages for somebody trying to exit early with having conventional loan versus having interest only for the first three years. Thanks in advance!

Most Popular Reply

User Stats

70
Posts
16
Votes
Sanjoy V.
  • Atlanta, GA
16
Votes |
70
Posts
Sanjoy V.
  • Atlanta, GA
Replied
@Theo Hicks Thanks for the reply.

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