Commercial lending questions

1 Reply

Based in California. What rates and terms are you finding for multifamily commercial loans right now?

  • Downpayment %
  • Term (Amor)
  • Rate (Fixed or Floating?)

Institutional money (Top Tier market, experienced sponsor):

Down payment: 20%

Term: Up to 30 yrs

Rate: Fixed 5 yrs 4.3875%/4.5%

Bank money (less stringent underwriting):

Down payment: 25%

Term: Up to 25 yrs

Rate: 5.125% to 5.375%