Financing First Small Multi Deal

[Dan Marro]

All, I asked a banker the other day what terms I could get on a hypothetical 8 unit deal, ~500,000 purchase price w/ 25% down. He said I would be in the 5.25%, 5 year term range and the loan would be conforming. This was Hancock Bank. Sounds like a good way to end up with a negative cash flow. Any ideas what I should expect on a loan? Do banks have personalities and actually care about the people on the deal, or do they only care about hard and fast numbers? Thanks, Dan