My Mom has some money lent out to a business as a mortgage. It's up for renewal, and it's the first renewal since my step-father passed away. He used to deal with it. It's easy to give her an idea of what a residential rate would be, but does anyone have any idea of what the commercial rate would be?
I know there are ten thousand factors, but on a good risk, is it 1% above residental, 2%? etc.
I know there are ten thousand factors, but on a good risk, is it 1% above residental, 2%? etc.