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Updated about 12 years ago on . Most recent reply

User Stats

22
Posts
5
Votes
Ed Poltonowicz
  • Real Estate Investor
  • Langhorne, PA
5
Votes |
22
Posts

What do you think of these terms?

Ed Poltonowicz
  • Real Estate Investor
  • Langhorne, PA
Posted

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?

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