Financing for 6 unit MultiFamily in Alabama
Hey all, I am about to go under contract for my first multifamily property a 6 unit building in Birmingham, AL. I was wondering if anyone in the area had any suggestions as to who to go to for financing. I'm looking for 70-75% LTV, 5-7 year term and a 30 year amortization schedule preferably.
I've am working on gathering a list of regional banks and am ready to call their lending departments but I thought before I do I might as well see if anyone on BP has a reference that they have worked with before with success. All suggestions are welcomed. Thanks!