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Updated over 4 years ago on . Most recent reply

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Michael S.
  • Investor
18
Votes |
31
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6plex financing in Clemson,SC

Michael S.
  • Investor
Posted

Morgan Stanley told me that they can only do up to 4plex. Anyone know of local mortgage brokers who can arrange financing? Thanks

Income around 300k a year; credit score 750-800; have existing mortgage on investment properties but they are well covered by rent. No other debt. Deal size around 600k, can do 20% down.

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675
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David Song
  • Real Estate Broker
  • Redwood City, CA
884
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675
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David Song
  • Real Estate Broker
  • Redwood City, CA
Replied

You need a commercial mortgage broker for 6 unit. Rates should be around 5-6%. Probably need more than 20% down.

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