Fact-check · Oct 20, 2026
“That's gonna cost you a million 6 a year. Just in interest”
MOSTLY TRUE
What the record shows
At current 2026 commercial rates (6.2–6.8%), a $21M loan costs ~$1.3–1.4M annually in interest. The $1.6M figure requires a 7.6% rate, above the current average but within the range for some loan types.
Claim is mathematically plausible but assumes higher-end interest rates. Without loan terms disclosed, cannot fully verify.
Sources
- Commercial Real Estate Loan Rates in 2026 - Nav
- Average and Typical Commercial Mortgage Rates by Loan Type (2026)
- Commercial Real Estate Loan Rates: The Complete 2026 Guide
- Commercial Mortgage Rates Start at 6.22%, October 19, 2026
- Making Sense of Commercial Real Estate Rates
- Commercial Loan Rates & Key Mortgage Indexes October 19, 2026
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