Portfolio where the per unit price is sub 75K - anyone lending?

[Karolina Powell]

Looking at a 1.2M portfolio with 17 units, 12% cap rate.  Running into high interest rates since the per unit price is sub 75K.  Anyone have lenders willing to lend at ~70K per unit at around ~7.5% interest without a big buydown?  Thanks!

[Chris Seveney]

Quote from @Karolina Powell:

Looking at a 1.2M portfolio with 17 units, 12% cap rate.  Running into high interest rates since the per unit price is sub 75K.  Anyone have lenders willing to lend at ~70K per unit at around ~7.5% interest without a big buydown?  Thanks!

 you will not get 7.5% for a portfolio like that, you may be able to get in the 9's but not 7's. Happy to run it through our underwriters but we just did a 20 unit portfolio avg home at $150k and it was right around 9%.