Commercial loan rates for refi

[Michelle Williams]

Im looking to refinance 2 SFHs that are owned by my LLC. I currently have 15yr 7.50% rates (current LTVs are 51-63%). What are current commercial loan rates and who will refinance, having a hard time finding someone who will do this. Properties are in Louisiana, I live in Texas.

[Daniel Dietz]

We are working on purchase commercial loans right now for a portfolio 3 duplexes and a 4 plex. Two different lenders are in the 4.5% - 5% range at 80% LTV, and say the same rates would apply to cash out refi if that is what we were doing right now. They are both small local/regional banks that are very investor friendly if you have the 725+ credit scores will sign a personal guarantee. I guess we are fortunate up here in Wisconsin :-)

Dan Dietz