Refinance Multifamily Properties

[Michael Putman]

Hi I'm looking to refinance two Multifamily properties that have been repositioned. Im curious which lender provides the best terms for a refinance? Im looking for 80% LTV and 25+ years amortization.

[Greg Kasmer]

Michael - I agree with Erik. I think most local banks/credit unions have tightened their standards a bit, so I would anticipate a 65-75% LTV from my regional banks with a multifamily property. You never know so it's always worth to call, but wouldn't be surprised if many of them fall within that range. I had a 22 building under LOI assuming 75% LTV, but then I backed out becuase financing was going to be 65-70%. Good Luck!