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Updated almost 7 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from Houston, TX
  • Member since Jan 4, 2018
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from Houston, TX
  • Member since Jan 4, 2018
Connect
Account Closed
  • Rental Property Investor
  • Houston, TX
56
Votes |
106
Posts
Creative Real Estate Financing

Commercial rates on 3m loan

Account Closed
  • Rental Property Investor
  • Houston, TX
Posted

Hi all, 

I am putting together a 3m loan and seller wants to do seller financing and he is giving me with 4.8% 10yr balloon with 30yr amortization. 

Is the rate too high or a good deal given the current market conditions.

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Matt Moreland's profile image
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Matt Moreland
  • Realtor
  • from Lubbock, TX
  • Member since Oct 26, 2016
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Matt Moreland's profile image
Matt Moreland's profile image
Matt Moreland
  • Realtor
  • from Lubbock, TX
  • Member since Oct 26, 2016
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Matt Moreland
  • Realtor
  • Lubbock, TX
155
Votes |
165
Posts
Matt Moreland
  • Realtor
  • Lubbock, TX
Replied

That's better than a lot of banks are offering on commercial notes right now, that sounds like a good deal to me.

Are you planning on refinancing through the seller at the 10yr mark or going through a bank?

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