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Updated over 4 years ago on . Most recent reply

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Neely Coble
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13
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Current Rates for a Four-Plex

Neely Coble
Posted

Hello All,

Does anyone have any info on current rates for a Four-Plex (30yr Fixed - 25% down). I will not be living in one of the units.  I was quoted 4.625% which seems a little high.

Thanks!

  • Neely Coble
  • Most Popular Reply

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    Leigh S.
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    Replied

    Take that money and run with it! I have had a terrible time finding multi-family money lately. I found a multifamily no doc loan today for 8.9%, repayment penalty that phases out after 5 years and a pretty steep loan fee. I may take the loan, even though the terms aren't ideal. In my opinion, 4.625% seems fantastic considering what you are trying to fund.

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