3 ms·
When I had a commercial building mortgage it was on a 30-year note that rate adjusted every 5-years. Landlord's whose mortgages are adjusting this year are goi
by dugmartin 2y ago
When I had a commercial building mortgage it was on a 30-year note that rate adjusted every 5-years. Landlord's whose mortgages are adjusting this year are going to have to increase rents to keep their cash flow in place as rates are a _lot_ higher than 5 years ago.
- theptip 2y agoAdditionally, I believe you can also get a margin call on your financing if you lower the rent, so there are perverse incentives to keep spaces empty which can push against a correction in prices.