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Updated over 5 years ago,

User Stats

20
Posts
7
Votes
Julie Fagan
  • Port Sanilac, MI
7
Votes |
20
Posts

Refinancing small to midsize MF

Julie Fagan
  • Port Sanilac, MI
Posted

While interest rates are low, I would like to refi several 5 year balloon loans that come to the end of their term anywhere from 2021-2023.  I am concerned about where interest rates will be then and Real Estate Valuations.   Any suggestions on banks looking for this type of portfolio loan scenario, and willing to lock in for 20-30 years?   Any idea where interest rates are today for this scenario?  I'm currently at 5-6% on most of them and would really like to lock in at the 4% range.  This refi project includes 9 balloon loans covering 70 units/11 properties.

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