Financing Multifamily (5+ Units)

[Zach Bollman]

Hello all,

Currently looking at multifamily properties to dive into real estate. Properties range from 8-16 unit. I’m curious as to what other BP members have found regarding financing. My general understanding is I’m essentially looking at 30% and around 2% over residential mortgage rates. Is this accurate?

Also, does anyone have any suggestions for who to reach out to for a quote on multifamily financing? Thanks!

Best,

Zach

[Cody DeLong]

@Zach Bollman start contacting local banks. I just did a $220k commercial loan on an 11 unit at 4.75% based on a 20 year ammorization with a 5 year term.