Page 17 - How To Refi Cashout Your Commercial Property Before The Bank Says...

Chapter 5

Banker’s Terms:

Typical financing terms from a traditional lender for commercial cash outs look

like this:(*Note each bank and institution is different and depending on your state
and local area these terms can be drastically different.)

Common Traditional Lender Terms:

● LTV’s can go to 75% depending on the bank, but they are likely going to be

at 65% or lower depending on your property type, and financials.
● Rate can be as low as 4.5 to 8.5%
● Term is a hybrid at 5 yr or 7yr loan.

● Usually 5 year term with balloon at a 10 or 15 year amortization,
● 7 y balloon at 15 yr amortization (video on the faulty assumption of

extending must follow the rules first in life things happen and business
happens)

● Amortizations can go up to 25 yrs, but most banks offer 10 yr to 15 years
amortization loans. (Rarely 30 yrs amortizations

● Deposit account may be required
● Annual reporting may be required
● Tax returns and full doc of income from personal and business are required

● And you have to find them to do it…(Not every local bank, credit union, or
commercial bank offers refi-cashout.