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Private Lending & Conventional Mortgage Advice

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Jonathan Farber
  • Rental Property Investor
  • Medellin, Colombia
215
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230
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Rate difference on 4 unit vs 5 unit

Jonathan Farber
  • Rental Property Investor
  • Medellin, Colombia
Posted Oct 13 2020, 16:52

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?

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