I have received three Letters of Interest from three financial institutions. They are offereing 5 year fixed at 3.92% and 10 year fixed at 4.89%. The 5 year has no "yield maintenance" and the 10 year does. Am I boxing myself in too much if I decide to go with the 10 year fixed rate? We like...
I am currently refinancing my apartment building and have discovered that I am being offered a loan with recourse as well as a loan with non-recourse. To get a loan with non-recourse, the lender will add 15 basis points to the loan interest rate
Now my apartment building is legally in the...