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Updated 10 months ago on . Most recent reply

User Stats

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

What are the Best Current Rates/Lenders for 6+unit Multifamily?

William Coet
  • Lititz, PA
Posted

Hello,

Trying to get an idea of the best sources (lenders) for lowest origination fees and lowest APR for fixed rate loans on 6+ unit multifamily.

Thanks!

Most Popular Reply

User Stats

578
Posts
268
Votes
William Coet
  • Lititz, PA
268
Votes |
578
Posts
William Coet
  • Lititz, PA
Replied
Quote from @Ko Kashiwagi:

Hi William,

Are you talking about a short-term or a 30 year? If the loan amount is less than 500k, there is a lot less lenders that can do these types of loans compared to 1-4 or 10+ units and rates tends to be higher. For 30 year fixed loans, the rates will vary by the NOI and LTV - if you go 60% LTV you could be possibly be in the 5-7's. If you go 75% LTV you could be 8-9's. There's a lot of missing pieces here.


 Ko,

Ideally 30 yr.  80% LTV.

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