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Updated about 2 years ago on . Most recent reply
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hunting for a IO loan at 65% LTV at a decent rate.
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.
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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
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