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Updated over 1 year ago on . Most recent reply

Olga Daisel's profile image
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Olga Daisel
  • Member since Aug 2, 2020
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Olga Daisel's profile image
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Olga Daisel
  • Member since Aug 2, 2020
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Olga Daisel
25
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67
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Multi-Family and Apartment Investing

Multifamily loan rates

Olga Daisel
Posted

I know this fluctuates, but just want to see what other people are getting loan wise for a loan on multifamily over 5 units?

I've been recently quoted 10%, seems a bit steep...

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Givo Aghasi's profile image
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Givo Aghasi
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  • from Los Angeles, CA
  • Member since Apr 5, 2022
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Givo Aghasi
  • Lender
  • from Los Angeles, CA
  • Member since Apr 5, 2022
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Givo Aghasi
  • Lender
  • Los Angeles, CA
70
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216
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Givo Aghasi
  • Lender
  • Los Angeles, CA
Replied

@Olga Daisel It depends if you are looking for a full doc, lite doc or no doc program. Also, your credit, LTV, DSCR all have direct effect on the rates. I highly suggest teaming up with a broker who you'd want to build a relationship with and truly understands the ins and outs of different underwriting guidelines.



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