The main reason investors refinance commercial property is to take advantage of the savings from a lower interest rate and longer loan terms, which simultaneously reduces long-term debt as well as monthly payments, said Vickie Noel, business relationship manager at 1st Advantage Federal Credit Union.
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How to Refinance a Commercial Mortgage | Chron.com – Refinancing a commercial mortgage follows many of the same principles as refinancing any other loan: be creditworthy and be able to show income to pay the loan. However, just because the mortgage.
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