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Updated about 8 hours ago on . Most recent reply

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Basit Siddiqi
#5 Tax, SDIRAs & Cost Segregation Contributor
  • Accountant
  • New York, NY
3,820
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8,325
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Mortgage Terms & Rates: 4-Unit Property vs 5+ Unit Property

Basit Siddiqi
#5 Tax, SDIRAs & Cost Segregation Contributor
  • Accountant
  • New York, NY
Posted

I am exploring whether I want to purchase some 4-unit properties or purchase a large apartment complex.

I wanted to understand, from those with experience, what is the difference in the rates and terms between the two.

How do the terms and rates compare from a 4 Unit property(Conventional Mortgage) vs a 5+ Unit property

Some information that I was hoping to get a difference on was interest rate, loan term, down payment requirement, balloon payment and amount of closing costs / lender fees. 

I appreciate everyone providing me answers in advance.

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Basit Siddiqi CPA
4.9 stars
78 Reviews

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