W
WearyLandlor
Guest
Hi all,
I currently have a commercial mortgage for 500k with a LTV of 50%. I have got an offer from AIB to refinance at a rate of 4.5% which is their prime rate plus 0.875. This is .25% better than my current rate but I can't seem to find any information on how this stacks up against the rates that are currently on offer for commercial loans. There is loads of information available w.r.t. BTL residential rates but nothing on commercial rates. Can anyone point me to some good information source w.r.t. commercial mortgage rates available from lenders or is it just a case of doing the foot work and meeting with each lender.
Thanks in Advance.
I currently have a commercial mortgage for 500k with a LTV of 50%. I have got an offer from AIB to refinance at a rate of 4.5% which is their prime rate plus 0.875. This is .25% better than my current rate but I can't seem to find any information on how this stacks up against the rates that are currently on offer for commercial loans. There is loads of information available w.r.t. BTL residential rates but nothing on commercial rates. Can anyone point me to some good information source w.r.t. commercial mortgage rates available from lenders or is it just a case of doing the foot work and meeting with each lender.
Thanks in Advance.