What happens at the end of the loan term?

At the end of the term, the loan will be refinanced to another interest-only loan. In certain situations, the property will be sold. As the five years of the initial loan approach an end, we will consider many factors while determining the next steps for the property, such as evaluating local market conditions, the market interest rate, market cap rate, and property appreciation.See more about -What happens if we sell a property?What happens in a refinance event?