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Updated almost 3 years ago on . Most recent reply

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Patrick Shep
  • Rental Property Investor
  • Washington, DC
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Financing for a 6 unit

Patrick Shep
  • Rental Property Investor
  • Washington, DC
Posted

I’m familiar with conventional loans for MF 2-4 units. What are terms like for a commercial loan for a 6 unit, under 200k?

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Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Austin, TX
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Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Austin, TX
Replied

Generally for a multifamily DSCR commercial loan you are probably going to need a loan amount of at least $250k. Rates (highly dependent on credit/leverage) are sitting around 8-9% for that product right now

  • Robin Simon
  • [email protected]
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