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If you already have a commercial mortgage loan, with SunTrust or another commercial mortgage lender, we can also help you refinance to take advantage of a lower interest rate. A SunTrust business banker can help you choose the right commercial mortgage lending solution for your growing business.
For 2019, the average commercial real estate loan interest rate ranges from approximately 4% to 5%. Find out more about what the average commercial real estate loan rates are for different types of loans and projects.
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Commercial Property Loan Calculator. This tool figures payments on a commercial property, offering payment amounts for P & I, Interest-Only and Balloon repayments – along with providing a monthly amortization schedule. This calculator automatically figures the balloon payment based on the entered loan amortization period.
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I am assuming it costs about the same to pour concrete panels. We simply can’t afford this, but if it is the only real solution, I suppose we could try and save for a few years and see what we can do. We have a 30 year mortgage, which like many in the area is under water, so we’re not going anywhere.
Commercial Lender Search. We’ll ask you just eight quick questions about the commercial mortgage loan that you need, and then we’ll create for you a customized list of suitable commercial lenders. Voila! Use of this site is FREE.
Mortgage Rates and The Fed Prime rate, federal funds rate, COFI. The COFI (11th District cost of funds index) is a widely used benchmark for adjustable-rate mortgages. Click on the links below to find a fuller explanation of the term. WSJ Prime Rate 5.00 5.00 4.25 federal discount rate 2.50 2.50 1.75 Fed Funds Rate (Current target rate 1.75-2.00) 2.00 2.00 1.25.
commercial mortgage broker has done a great job on some of our refinances and acquisitions. Commercial mortgage broker michael Schwartz and his team are service oriented professionals. We obtained the best loan terms and this commercial mortgage broker did all the paperwork for us, making the borrowing process easier than we’ve ever had it.