Crown Commercial Finance

I don't blame commercial owners to wait until the rate hopefully drops next month however, it takes time to find the right lender and get your package approved. I figure rates will have dropped by then and now you could lock in the rate.

In any case, I hope commercial property owners are preparing to pay down their mortgage if needed should they need to refinance from 5 years ago. If you leveraged your property, you should see what you need in order to refinance without coming to the table with funds.

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Crazy world huh? Look, we're going to be in a period of disappointment with mortgage rates, both residential and commercial. But the world goes on and basically we're back to 2018 rates in the commercial world. They weren't too bad historically.

We just got really spoiled with two and three percent rates. But now we have to realize those days are over for a while if not forever. It was a moment in time if you were lucky enough to get in great! I only hope that values hold up with higher rates, but that to might be a unicorn.