Because either way, u r gonna re-negotiate a new term. I mean to focus on the next 3-5 yr is what we need to consider. Don't u think?
In addition, if there is no Cap Rate as a security, most people will feel frustrated about rate fluctuation. That may probably prove that it is so important to have something safe. Meanwhile, I still doubt if you can win with additional quarter percent discount since it may end up I am still paying on my Cap(now 6.05%) and unfortunately you are paying way higher, say 1 or 2 percent higher. Is it possible? Who can say No?
In addition, if there is no Cap Rate as a security, most people will feel frustrated about rate fluctuation. That may probably prove that it is so important to have something safe. Meanwhile, I still doubt if you can win with additional quarter percent discount since it may end up I am still paying on my Cap(now 6.05%) and unfortunately you are paying way higher, say 1 or 2 percent higher. Is it possible? Who can say No?