All Forum Posts by: Rich Davis
Rich Davis has started 5 posts and replied 23 times.
I’m a TenantCloud guy. It has its strengths and weaknesses.
Curious what other landlords/PMs are using, and what they like/dislike about their software.
Post: What are the Best Current Rates/Lenders for 6+unit Multifamily?
Rich DavisPosted
- Posts 23
- Votes 9
As this is commercial, 30yr amortization is likely out of the question. Most lenders will offer two options:
1: 20% down and 20 yr amortization and 10 yr term.
2. 25% down and 25 yr amortization and 10 year term.
Rates will vary by region, lender, and relationship with your lender. That said, right now, I see 7.75%.
Good luck.
My college rental from the early 90's is currently for sale!
35th & Hamilton.
I thought of buying just for nostalgia sake.