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Can I get a commercial loan without 25% down?
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Of course not! Just requires 40% down on a 15 year term and buying points.
Coach
I was quoted 3.25 on a $1.2M construction loan earlier this week.
Coach
Why is this funny?
For the foreseeable future, yes.
Until the next catastrophe when fed cuts rates down to zero. Could be years or decades. So basically yah
Just lock in a rate now
Fuck! I was looking hard for a place but haven’t closed on anything I’m so blown this was opportunity of a lifetime
Subject Expert
not for good, but potentially for 5 to 15 years.
Sub 4% is still a win, especially in a highly inflationary period like now.
Definitely gone for investment loans
Primary home jumbos are still roughly 3.5% or slightly less as of recent