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Susan O.
  • Fresno, CA
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What’s best type leneder for commercial small multifam

Susan O.
  • Fresno, CA
Posted

 I’ve heard different things some say that you should go with the big bank like Chase for commercial multi family but I’ve also heard to go with some local banks for the cheapest rates I’m looking just for a normal rate on a property in South Florida. 

In general do you guys usually go with the small bank locally a large bank like the big four? Or do you have a local or nationwide lender search for you for best option but I’ve heard that those ones charge broker fees which can be costly? I’m just looking at a small 8 to 14 unit deal

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Theo Hicks
  • Rental Property Investor
  • Tampa, FL
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Theo Hicks
  • Rental Property Investor
  • Tampa, FL
Replied

I personally like to use a mortgage broker for my smaller multifamily deals, because they are usually able to find me better loan terms in my experience.

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