Local Multifamily Lenders

4 Replies

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,

Originally posted by @Hamza F. :

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,

 I will send you a PM.

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