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Updated over 7 years ago,
multi family conventional financing terms
My partner and I met with a national banker for lunch today, he actually paid for our lunch to discuss financing for a multi family property. I was surprised to learn that his bank's terms are 5 years amortized over 20 years. Is this standard? I, perhaps unrealistically, was thinking more like 25 year amortization period. We will shop but is this more the norm now a days?
Thanks in advance.