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Updated over 7 years ago,

User Stats

38
Posts
25
Votes
Ken V.
  • Rental Property Investor
  • Ann Arbor, MI
25
Votes |
38
Posts

multi family conventional financing terms

Ken V.
  • Rental Property Investor
  • Ann Arbor, MI
Posted

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.   

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