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Commercial Mortgage Rate and Term Refinance
A rate and term refinance is ideal for borrowers who are looking to change the length and interest rate of their loan without taking any cash out.
- Rates: Prime plus .5% to 2% or LIBOR plus 1.5% to 4%; depending on property type, loan term and underwriting guidelines.
- Terms: Typically from 10 to 30 years.
- Loan to value (LTV): Generally up to 80%, depending on underwriting guidelines. Can be as high as 97%.
- Loan to cost (LTC): Generally up to 80%, depending on underwriting guidelines. Can be as high as 90%.
Refinancing is a great way for borrowers to save on their mortgage payments and help lower their operating expenses.
Borrowers who are looking to refinance and take cash out to expand their business may want to consider a cash-out refinance.
Principle Commercial offers commercial refinance loans on a variety of commercial property types.
Do you have questions about refinancing your commercial mortgage?
Please Contact Us and an Account Executive will be in touch with you shortly.
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