Resolute Forest Products Inc (RFP)

[fishhunter]

Interest rates. Yesterday I closed on an 18 unit apartment building for $2mil. I borrowed $1.5mil and the bank locked my rate at 3.75% for the next 5 years! And this is a commercial loan which is typically 1% higher than a residential mortgage loan. In 10+ years of buying multi family and commercial buildings it is the lowest rate I have ever gotten. My point is.....the banks sure don’t see higher rates any time soon.

I am still in and will hold for at least another 6 months and perhaps much longer.