Terms for portfolio loans

[CJ M.]

Hello,

For those of you that are over the FM/FM limit of 10 financed properties (I think that's the limit now), what lender terms are you generally seeing out there?

For example I just did a few deals with the following:

1.) 7.25% APR fixed for 30 years (w/3 points)

2.) 6.0% APR, 5 year arm, (with a 1% max increase cap every 5 years), 25 year amortized and 1% origination fee.

Are these terms bad, average, good, great based off what you all are seeing? Again, looking for feedback from folks who are not using conventional loans. Thanks!

[CJ M.]

@Jerry Padilla

My loan sizes are generally $50-$70K. My credit score is 760-780 on average.