I was wondering if anyone had some good recommendations on where to learn a little more about refinancing or even just financing small apartments. These are all over 5 units but under 20 units. I believe you need to be over 1 million to get agency debt. I also didn't know if you could group some together to get a bigger loan. Looking to learn more about long term debt then short term in and out. Lastly is there a good place to see what current market interest rates are for that kind of asset?

Thank you,

@Eric Bilderback

I have found that when financing 5-20 unit properties it is best to speak with local and regional banks and credit unions. I have called all within my area previously and found that loan programs differ greatly between institutions.

@Eric Bilderback

@Charles Carillo is right about local and regional banks. Go to them first. Then try a portfolio lender that does small balance commercial financing. PM me for a recommendation in Oregon. Licensing is an issue there.

Stephanie

I have this same question for a $350,000 6-plex in Ann Arbor/Ypsilanti, Michigan. 

I found this lender online, https://www.multifamily.loans/loans-under-1mm that specifically addressed this hole in financing options. I'd love to go with a local credit union/bank, but it's a tough loan category to find a willing lender. Has anyone had any other successes?