Mortgage Banking

Making sense of commercial real estate finance.

Prepayment Penalties in Today’s Market

Posted by Jordan Crouch on December 12, 2008

The SquareFeet Blog has an excellent post detailing how the shifting treasury yields are affecting prepayment penalties. Read the article here. One thing the post does not mention is that for a borrower that is forced to sell a property, one way to avoid these hefty prepayment penalties is to have the new borrower assume the loan. This usually can be done with a 1% fee versus paying the prepayment penalty of 10% (using the example in the post).

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3 Responses to “Prepayment Penalties in Today’s Market”

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