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Updated 10 months ago on . Most recent reply

User Stats

578
Posts
268
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William Coet
  • Lititz, PA
268
Votes |
578
Posts

Current Rates for 6 Unit Multifamily

William Coet
  • Lititz, PA
Posted

Hello,
Trying to get a ballpark on what the current best terms and lenders are for 6 unit multi-family.

Lowest origination fees, Lowest APR.

Thanks

Most Popular Reply

User Stats

3
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Replied

Just finished a deal a few months ago during the down turn into high 3's on the 10 yr treasury. I scored a 5.9% with my bank on a decent size loan but that is with a 40% down with really good cash flow. I shop around a bit and used a broker, which honestly worth every penny right now. 

Right now I think rate would be around 8% if you start off with most banks and lack connection. I would worry more about the ACTUAL cost like insurance, water bill and fixing post purchase.

Looking for investor now to get myself another building during this bad time.
 

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