Where to find 30 year mortgage for 5+ unit multifamily?

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Robin SimonBusiness Member
Lender · Austin, TX · Member since 2022 · 5k+ posts · 4k+ votes
2y
Quote from @William Coet:

Looking for a 30 year mortgage for a multifamily of 5-10 units.  


Hi William - just wanted to share an article I wrote about DSCR Multifamily Loan Options and Pros and Cons for this exact need (5-10 unit multifamily). If you haven't come across it - hope it helps!

https://www.biggerpockets.com/blog/multifamily-dscr-loans

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  • Alfonso Partida
    Real Estate Consultant · [email protected] · Member since 2024 · 51 posts · 10 votes
    2y

    Hi William,

    Great question. Are you free for a chat? I can take a look at this for you. I've sent you a private message.

    0Reply
  • Robin SimonBusiness Member
    Lender · Austin, TX · Member since 2022 · 5k+ posts · 4k+ votes
    2y
    Quote from @William Coet:

    Looking for a 30 year mortgage for a multifamily of 5-10 units.  


    Hi William - just wanted to share an article I wrote about DSCR Multifamily Loan Options and Pros and Cons for this exact need (5-10 unit multifamily). If you haven't come across it - hope it helps!

    https://www.biggerpockets.com/blog/multifamily-dscr-loans

    [email protected]
    Harpoon Capital512 Reviews
    WebsiteView Page
    12Reply
  • Nick Bednarczyk
    Lender · Sarasota, FL · Member since 2024 · 187 posts · 24 votes
    2y
    Quote from @Robin Simon:
    Quote from @William Coet:

    Looking for a 30 year mortgage for a multifamily of 5-10 units.  

    Many portfolio lenders offer 30 year terms for multiple family. 


    Hi William - just wanted to share an article I wrote about DSCR Multifamily Loan Options and Pros and Cons for this exact need (5-10 unit multifamily). If you haven't come across it - hope it helps!

    https://www.biggerpockets.com/blog/multifamily-dscr-loans


    0Reply
  • Stacy RaskinBusiness Member
    Lender · Member since 2022 · 1k+ posts · 494 votes
    2y

    Hi William, there are DSCR loan options from 5-8 units and some that go up to 10. What state and how many units is it as lenders are licensed in each state?

    [email protected]818-770-0340
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    0Reply
  • William Coet
    OP
    Lititz, PA · Member since 2013 · 595 posts · 272 votes
    2y
    New York State
    0Reply
  • Brandon Croucier
    Lender · Nashville, TN · Member since 2024 · 700 posts · 284 votes
    2y

    We have numerous products in New York for 30 year fixed rates on 5+ units, would love to get on a call to see how my team and I can assist you.

    0Reply
  • AJ WongBusiness Member
    Real Estate Broker · Oregon & California Coast · Member since 2022 · 822 posts · 695 votes
    2y
    Quote from @William Coet:

    Looking for a 30 year mortgage for a multifamily of 5-10 units.  

     Hi William..hope things worked out, we're working several small balance plexes for investors..terms are actually quite workable as rates have declined during the past two months. Connect with @Joseph Chiofalo for multi family options 5-100+ units. Cheers. 

    541-800-0455
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    1Reply
  • Joseph Chiofalo
    Banker · Henderson, NV · Member since 2023 · 316 posts · 73 votes
    2y

    Hi William, 

    What price point are you targeting for this purchase. 

    Our group just helped one of our investor buyers purchase an 11 unit property in the tri-state area. 

    How is your credit history?

    1Reply
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