Just refinanced my 5 building portfolio into an I/O @3.625%

[Account Closed]

I just refinanced $6.5 million of debt across my 5 unit portfolio which appraised out at $9.8 million.

Terms:

- Interest only fixed at 3.625% for 10 years.

- Rates readjust annually after 10 years - stays I/O

- Half a point to close

- Under 67% LTV

Reducing my blended rate from ~5% to 3.625% and eliminated principle payments is going to save me ~$13k per month.

If you are either a high net worth individual or have properties located on CRA low/moderate income and are looking to refi into an I/O loan, shoot me a note.