Fixed Rate Financing

[Harold Cherrix]

At the end of last year, my son and I invested in a property that has 3 Trailer Homes and a 3 bed 2 bathroom house. At the time the only financing we could obtain quickly was a  5/1  balloon commercial loan @ 4.5% amortized at a 25-year rate. The property has two of the properties rented and the other two need to be upgraded (replaced) and the property is currently cash flowing. I am concerned about having a variable rate loan I believe the interest rates will go up considerably over the next five years, this is why I am looking for a fixed-rate loan. This leads me to my question; Does anyone know of a bank with a low fixed-rate loan program that we could refinance this investment property for a 25-30 year term?

This is a buy and hold for the grandkids and we don't have any plans to sell. Once we complete the replacement of the two trailers and install a new septic system the property will flow over $1000 a month so we feel this will give the grandkids a headstart after highschool. 

Any advice would be greatly appreciated, thank you in advance.