Page 35 - How To Refi Cashout Your Commercial Property Before The Bank Says...
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Source:Calculator
Alternative Terms for a Commercial Refi cash out Loan
30 years fixed @6.5% at 70%LTV(350k cashout) on the same property has a
monthly payment of : 2,212.24
30 yrs fixed @6.5% at 80% LTV (400k cashout) on the same property has a
monthly payment of: 2,528.27 .(Which puts an extra 50,000 in your pocket with no
balloon due with a additional cost per month of a whopping $120.66 compared to
the conventional loan by the bank).
I would have made a comparison to the traditional lender but unfortunately they do
not offer 30 yr fixed loans…
Don’t believe me…
Go find one and call one for yourself…