Updated almost 8 years ago on . Most recent reply
multifamily lender- please advice
Can you guys please recommend me a broker/lender who will lend on a multifamily property.
Ive been looking at few different states (Arizona, Florida, Idaho, etc)
Even if you dont have anybody state specific, may be you could let me know in general of any multifamily broker that you know of.
Thank you so much!
Most Popular Reply
For smaller assets (loans under $500k) your local banks and credit unions are going to be more economical.
For anything over $1mm I would recommend reaching out to a Fannie Mae or Freddie Mac multifamily lender. They lend nationwide.
If over $2mm, reach out to a HUD multifamily lender. They lend nationwide.
Any of the above will also be able to help you size the loan or answer questions about the property.