12 Plex Financing- KANSAS City

[Andy Mackey]

I am a Developer In KC and started construction on a 6, 12 plexs that I will be selling to Investors. I have done this 100’s of times with my 4 plex projects and always sell at a discount and let the owner realize immediate equity. It gets me out quicker and I don’t have to hold the entire project. In the past I have always lined up Investors with a local lender, but this lender doesn’t do 12 plex financing. In short, I am looking for general comments on what is seen nationally for a $1,392,000 purchase. Can someone lever 20% for 30 years....Or will it be 25% over 25 years. THANKS FOR YOUR COMMENTS.