I am neither a businessman or banker, so you may equate my word with a quart of piss.
Commercial side can be tied to the prevailing adjustable rates. You might be looking at a loan tied to prime rate, 8.25% or perhaps one of the cheaper rate indexes, like LIBOR or COFI?
Overall--I'm referring to the entire lending market--the market is more 'loose' than in the past. In other words, banks want to lend you money. However, as compared to the recent past, interest rates have trended upwards. If you're refinancing debt acquired in the recent past, you might be in for a not-so-great surprise.
A friend of the family is trying to take equity out of his asian foods store, and he's getting solicitations for adjustable rate mortgages. This is only $150-200k, though.
Wish I could give you more facts than BS, but the OT forum is better when you mix things up.
