Updated over 5 years ago on . Most recent reply
Rate difference on 4 unit vs 5 unit
If you were looking to purchase a small multifamily under 500k, how different does the rate / term look today on a 4 unit conventional vs a 5 unit commercial loan.
Context: I just sold a property and now looking to purchase a new one via 1031 exchange.
Challenge I’m running into is that There seem to be a fair amount of 4 to 8 unit properties but the financing is very different depending on that range. I’d like to have a more definitive target for my search but haven’t been quoted out many commercial loans.
How would you guys play this if your max deal size was 500k?