Expert: Mike Fortunato - 1/31/2012

Question
Hello,

Do you feel 5.95 is a good commercial loan interest rate in today's market?

Thanks for your response,
Peter

Answer
There are other factors that contribute to whether a loan is good, such as the costs to obtain the loan, owner-user vs investment, type of property and its occupancy, size of the loan, loan to value ratio, credit worthiness of the borrower, etc. If we ignore those other factors, then that rate seems pretty much in the ballpark in today's environment.