It all depends upon your tolerance for risk, prepayment fees, and long term goals. As your trusted Advisors, we offer the below solutions:
1. Wait, play the market, and refinance during your open prepayment window. (The gambler beats rates will be better at the exact moment a refinance is required)
2. Pay the prepayment fee and refinance with a bank on a shorter term (3-5 year) fixed rate flexible prepay loan. (The prudent, yet optimistic borrower protects the near term and hopes for better rates down the road)
3. Pay an early rate lock premium to a life company, lock rate today, and fund within 6-9 months. (The layaway plan allows borrowers to remove risk today and spread the cost over the term of the loan)
4. Pay the prepayment fee and refinance with long term fixed rate debt. (Our life company conservatives want to remove risk and focus on their primary goal, growing their portfolio)
Which one are you? If you need help deciding, feel free to call us.
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As your exclusive advisors, CommCap utilizes proprietary systems, market expertise, and years of experience to secure aggressive financing options that best fit your property. Exclusive correspondent and servicing relationships with Life Insurance Company, CMBS, and Agency lenders ensure a broad and in-depth representation of current market conditions. Our team of advisors craft a loan structured to enhance revenue and allow you to focus on increasing cash flow.
We do not list, sell, manage, or lease property. We only arrange financing and are the best at what we do.