What are 5-year Fixed Loans?
A 5 year fix loan is typically a 30 or 25-year amortized loans that is ‘due’ in 5 years. The 5 years is usually an indicator of how long the interest rate will be fixed for. After 5 years, the 5 year fixed loan shifts into a variable rate that adjusts typically twice a year, with a ceiling and basement rate that is pre-determined at the execution of the loan document. A 5 year fix loan is very common in commercial real estate.
How is 5 year fixed loan different?
What are the risks behind a 5 year fixed loan?
Who is it for?
Schedule an Appointment
Get in contact with our hard money specialists