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Is it true that commercial mortgage loans are all ARM’s?

Question : Is it true that commercial mortgage loans are all ARM’s?
When we got our commercial loan, our loan officer told us that “all commercial mortgages are ARM.” Although we got in on the low interest rate boom 4 yrs ago, our payments are now almost doubled. Any suggestions?
commercial mortgage loan rate

Best answer:

Answer by Carolinahomerates.com
fix it! i have never heard such a thing……and i mean fix it by putting it in a fixed mortgage.

What is the rate? and the loan amount?

This entry was posted by admin on September 5, 2010 at 6:26 pm, and is filed under Commercial & Investment. Follow any responses to this post through RSS 2.0.You can leave a response or trackback from your own site.

Comments (7)
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#1 written by kemperk 1 year ago

any real estate loan can be whatever the lender and borrower agree on.

There are even seller backs where the borrower puts up no cash whatever.

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#2 written by Shawna Marie 1 year ago

If it is a commercial loan then most of the programs are ARM’s. Most of them also have a balloon payment. However, there are fixed rate options. The rates are usually so ugly though it isn’t worth doing it (at least on the commercial side). Some of the rates on commercial are in the 5′s right now. E-mail me with your scenario and I can give you a quote on another 5 year ARM, a 10 year fixed, and a 15 year fixed. Depending on the property type will depend on whether you can get a term any longer than 15 years.

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#3 written by BARRY 1 year ago

Most commercial mortgages are offered as ARM. However, this does not mean that fixed rates aren’t available. And there are also ARM programs that are fixed for 10 years.
If your rate is going up, you should consider refinancing.

Good luck,

Barry

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#4 written by CWW 1 year ago

Not true. There are plenty of fixed rate loans out there. Look into your refinancing options. Call your existing lender first and then shop around.

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#5 written by R3D3 1 year ago

Not all are ARM but most are.

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#6 written by matzael 1 year ago

NO, that is totally incorrect. I’d look into refinancing the property into a fixed rate. Also I’d look around for a different commercial broker to deal with. This person either doesn’t know what he’s talking about, or lied to you. Either way, he’s hurting your business

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#7 written by frankie b 1 year ago

I think you are being lied to. I have never heard you cannot get a fixed commercial mortgage.

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