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Updated about 12 years ago on . Most recent reply
![Ed Poltonowicz's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/106705/1621417323-avatar-edpolton.jpg?twic=v1/output=image/cover=128x128&v=2)
What do you think of these terms?
I am purchasing an 8 unit residential building for $725,000. Instead of putting down 25% I am having the lender cross-collateralize for an equivalent amount on another property that I own free and clear.
The terms are 5.25%, 5 year balloon, amortized over 25 years, 1 point
Do these seem like good terms in the current environment?