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Updated over 1 year ago on . Most recent reply

Douglas Skipworth's profile image
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Douglas Skipworth
  • Rental Property Investor
  • from Memphis, TN
  • Member since Sep 28, 2014
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Douglas Skipworth
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  • from Memphis, TN
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Douglas Skipworth
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  • Memphis, TN
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What's the highest rate you've had on a loan?

Douglas Skipworth
  • Rental Property Investor
  • Memphis, TN
Posted

What's the highest interest rate you've paid on a long-term loan?  My first two loans on investment properties in Memphis were with Regions Bank at 8.5% and 8.8% (both on 20-year amortizations).

  • Douglas Skipworth
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Jacob Sherman
  • from 12 Penns Trail Suite 138 Newtown, PA 18940
  • Member since Nov 26, 2023
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Jacob Sherman
  • from 12 Penns Trail Suite 138 Newtown, PA 18940
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Jacob Sherman
  • 12 Penns Trail Suite 138 Newtown, PA 18940
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Quote from @Heather Gates:

My last commercial loan was for 9.25% on a 20-year am with a local bank in Arakansas. It hurt... but planning on refinancing when it makes sense. It's a small value-add MF so cash-flow is still there. 


 Hey Heather ! Lets try to bring you down into the 8's with some possible cashout . We are a direct lender nationally at Lendbright ! 267-516-0896 [email protected] 

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