Apr
25
Where can I get the lowest interest rate on a commercial mortgage?
By
I need to borrow $700,000 on a new commercial bldg. It appraised at $1.2M, My credit is perfect. Where can I get the best interest rate?
Quick House Sale
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3 Comments
June 20th, 2009 at 4:35 am
You can shop around on your own or you can get a mortgage broker to do it for you.
Mortgage brokers have a lot of contacts. They should be able to find you one.
June 23rd, 2009 at 7:54 am
Van is right, get a mortgage broker unless you have a good relationship with your bank – sometimes that relationship is worth a few points and/or they will waive closing costs. If you use a broker, make sure they have lots of experience with Commercial and JUMBO loans.
June 24th, 2009 at 6:05 am
What kind of commercial building, office?
try Choice Finance,