Loans with 12-24 month terms will not have penalties for paying off your loan early. That is true for residential 1–4 unit properties and commercial properties. Our long term 1-4 unit rental loan (30-year term) will have a 3,2,1 stepdown.
On a case-by-case basis we offer terms of 36 months and longer for commercial and residential investment properties. Depending on the client’s plan, LTV of the project, and specific needs for that project, there may be an interest guaranty to help secure a lower interest rate. However, we will always try to provide an option with no prepayment penalty