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Fixed Rate Commercial Mortgage Loans
A fixed rate commercial mortgage has a fixed interest rate and fixed payment amount over the entire life of the loan.
Fixed rate mortgages represent the majority of loans financed in the mortgage industry as they involve far less risk to the borrower than adjustable rates.
As the borrower, you have the security of a fixed rate while you grow your business.
PCC offers many options related to the term of the loan, the interest rate, and other financing options depending on the property type and loan amount.
Let our experience work for you when deciding if this loan type is best for your needs.
- Rates: Interest rates range from 150 to 275 basis points over corresponding Treasury rates. These rates typically depend on property type, loan term and underwriting guidelines.
- Terms: Typically 5 to 30 years with 5, 10 and 15 years the most common.
- Loan to Value (LTV): Generally up to 75-80% LTV, depending on underwriting guidelines. Some lenders allow up to 90% LTV, depending on loan size and loan to cost ratio.
Principle Commercial offers fixed rate commercial mortgage loans on a variety of commercial property types.
Do you have questions about fixed rate commercial mortgages?
Please Contact Us and an Account Executive will be in touch with you shortly.
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