Long Term Financing for Multi-Family units in Minneapolis Area

[Jordan Rocca]

Hi all,

I'm wondering if anyone knows of any lenders that do longer amortization (20-25 year) loans for multi family properties. LTV would be 75%, purchase price in the $1MM - $3MM range and assume strong cash flows. I have contacted a few in the area and most were 5-15 years, just wondering what else people are seeing out there.

Thanks!

[Todd Dexheimer]

Originally posted by @Jordan Rocca:

Hi all,

I'm wondering if anyone knows of any lenders that do longer amortization (20-25 year) loans for multi family properties. LTV would be 75%, purchase price in the $1MM - $3MM range and assume strong cash flows. I have contacted a few in the area and most were 5-15 years, just wondering what else people are seeing out there.

Thanks!

Agency debt will get you what you're looking for. Call Capstone, Greystone, CBRE, Berkadia, Walker & Dunlop, etc