Multi family rates in CA for under $1 m

[Yuri Roads]

Hi,

We are doing a 1031 into a 10 unit multifamily and are looking for funding. Ive got a Freddy mac 5 yr fixed at 3.05%, but the minimum is $1 mil. I only need about $800k, but that rate if for a minimum of $1 mil and Im thinking it might be the best we are going to do. We could put the extra $200k back into the place in adding a laundry or converting a garage to a studio or other upgrades. 

Does anyone know of better rates? Ive looked at banks, including Black Oak and some others suggested on bigger pockets podcasts. We are getting a great deal (buying from a family member) so it will be income producing and we already have other multifamily to qualify as experienced. 

Thanks,