Avatar's Blog

» Prime Rate Rises -Increases Cost of Real Estate In

Posted on 9/21/2005
The recent rise in the prime rate means that the cost of investing in real has increased. The prime rate has held steady for many months. An increase of a quarter point increases the current hard money rate at Avatar from 12.99% to 13.24%.

Smart money indicates that this may not be the last increase in the near future. If you are considering real estate investments, be sure to take the increased cost of money over the near and long term into  account when calculating potential profits.
Posted in Commercial Real Estate News