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Commercial Refinance

Refinance an existing commercial property loan — to lower your rate, change your term, or move from a maturing loan into permanent financing.

Replacing an existing commercial property loan with a new one, usually for a better rate, a longer term, or a lower payment.

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Who it's for

Owners whose current loan is maturing, expensive, or no longer suits the property.

How it works

  1. 1The property is revalued at today's worth.
  2. 2A new loan pays off the old one.
  3. 3You continue on the new terms.
  4. 4Timing matters — refinancing ahead of a balloon is far easier than after it.

What to watch out for

Count the closing costs. A lower rate that takes four years to repay its own fees is not a saving if you plan to sell in two.

At a glance

  • Lower your rate or change your loan term
  • Move from maturing debt into permanent financing
  • Available for owner-occupied or investment property
  • Based on current property value and performance

Commercial Refinance

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