Financing Multi-Family deals post Fed cut
Hi BP Community, I am currently in the process of trying to close on 2 Multi deals in SW Michigan, and am curious as to what type of financing terms you're seeing. I guess the question is, post the 150bp of emergency Fed cuts, are you seeing 3.5% IR on fixed or floating with 5yr term and 25-30 yr amm? Curious what I should be pushing for vs what is expected at this point in the market. One of the properties is a small unstabilized 6 unit (2brs) property, and the other is a larger 30+ unit property. Any thoughts?