Commercial lenders offering 25 year am in current environment?

Question

Hey Folks,

I'm evaluating whether now is a good time to sell some multi-family properties I own in Winston-Salem, N.C. If lenders are offering a 25 year AM, then as I've underwritten it, the buyer would get a 10% CoC return.

Has anyone spoken to lenders recently? I can tomorrow, but figured since it's Sunday, I'd ask here to see if I could get a faster response.

Andy Brohard · Answer

@Peter Faulkner there are only a couple I’ve found doing 25 yr in the less than 1M range.

More options with the larger multis.

I’d take a look at what you’re thinking of off loading.

Commercial lenders offering 25 year am in current environment?

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