Multifamily Loans Refinance - The Lowest Rates
Believe it or not, the lowest rates on the refinance of multifamily loans these days is not coming from the major banks! More and more often smaller firms with lower overhead and connections to entrepreneurial lending platforms are providing the lowest interest rates on the refinance of multifamily loans.
With rates dipping below 3% (for the best rate term deals having low LTV's) some commercial real estate investors are getting their multifamily loans refinanced with rates as low as 2.875%! Now, to be sure, that's not everybody, but even the toughest deals are receiving offers in the mid to high 3% range.
Commercial Real Estate Investors with loans that have interest rates above 4.75% should consider refinancing their multifamily loans at this time.
What about the Prepay on my Multifamily Loans?
Prepayment penalties are a part of the game lenders use to trap real estate investors into staying with their loan for the long haul, even if rates decline to points we see today. Well, in certain cases it makes perfect sense to pay the prepay as part of the refinance of a multifamily loan.
Multifamily loans with prepayment penalties can often see such huge payment savings that the loss from the prepayment penalty is recouped in a matter of 12-18 months! Then the rest of the free cash flow is like extracting equity without having to cash out!
Why Refinance Multifamily Loans Now?
Why should a investors consider refinancing multifamily loans now? Because now is the bottom for interest rates. Rates have never been lower and will probably never be this low again. Now is the time! With rental rates at historic highs and interest rates on multifamily loans at historic lows, it only makes good business sense to take advantage of the market.
Call an expert and have your multifamily loans analyzed to see if it makes since to refinance, even if there is a prepayment penalty involved. For a free analysis of the potential for any multifamily loan refinance and to understand the potential savings contact the experts at Dividend America Commercial Lending. Providing for the refinance of Multifamily Loans with rates below 4% even reaching as low as 2.875%! Call Michael Gross, President, DACL at 404-549-6756 or email email@example.com.
Lending in all 50 states and focusing on Multifamily Loans in the markets and submarkets listed in the S&P Case Shiller Home Price Index and the surrounding secondary markets to those cities. We look for opportunities in: Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, Fort Lauderdale, Orlando, San Diego, New York, San Francisco, Phoenix, Atlanta, Tampa Bay, Detroit, Minneapolis-Saint Paul, Charlotte, Dallas / Fort Worth, Portland, Seattle, Cleveland, Oklahoma City, Jacksonville, Indianapolis, Nashville, Kansas City, Louisville, Milwaukee, New Orleans, Philadelphia, Raleigh, Sacramento, Salt Lake City, San Antonio, San Jose, Saint Louis, Tucson, Austin, Baltimore.