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Updated about 7 years ago on . Most recent reply

User Stats

374
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120
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Stone Teran
  • Investor
  • Cincinnati, OH
120
Votes |
374
Posts

Looking for sub-4.5% mortgage on multifamily

Stone Teran
  • Investor
  • Cincinnati, OH
Posted

I purchased a 6-unit apartment building one year ago.  The building is in great shape, occupancy is always 100% with no turnover, my credit is good, my cash reserves are good and the financials for the building last year are good.  I have no mortgage and I want cash out refinance.  The local banks are quoting rates over 5% interest.  Are there any online and/or national banks that are open to this very low risk proposition where I can find an interest rate under 4.5%? 

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