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Updated over 2 years ago on . Most recent reply

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87
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Steven Denio
  • Investor From Portland, OR
26
Votes |
87
Posts

hunting for a IO loan at 65% LTV at a decent rate.

Steven Denio
  • Investor From Portland, OR
Posted

Hey there, just curious if anyone is seeing any decent private money rates for investments properties. I have a place I'm looking to refi out at 65% and hoping to find a IO in and around 5% if possible. 

Most Popular Reply

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1,153
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368
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Tarik Turner
  • Lender
  • Hackensack, NJ
368
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1,153
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Tarik Turner
  • Lender
  • Hackensack, NJ
Replied
As of 10/19/2022 I can say with a fair amount of confidence a 5% interest only loan on a refi of an investment property isn't happening. (unless you have an uncle willing to cut a check)
You might be able to get into the mid 6% range on a 30 year but that would probably be the lowest rate that you will find.
Best of luck tho, hope you are able to land something favorable for your situation

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