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Local Multifamily Lenders
Hello - anyone aware of lenders that will lend on stabilized multifamily properties (20+ units) in Ohio (specifically the Cincinnati MSA).
Ideally looking for the following terms:
Loan Amount: $1MM - $5MM
LTV: 65%-75% LTV
Rate Type: Fixed
Loan Term: 5, 7 or 10 years (flexible on this)
Amortization: 30 year (most important criteria for us)
Recourse: Preferably none but can be open to recourse
A handful of lenders we have spoken to offer a 20-year or 25-year amortization schedule (we're flexible with term but would like at least 5-years). If you happen to know a lender who can provide financing with the above terms - do let me know/point me in their direction.
Thanks,