Financing for first 50 unit

[Chase Gochnauer]

Hey all,

I'm seriously looking at my first large multi-family, a 50 unit apartment complex. Approx $3m, 7-8% cap rate. Decent location. 

My question though, is in regards to terms for these size of loans. I have enough equity in other properties to use for 20% down. My bank that I do all of my SFH-8plex loans through is 4.5% & 20 year amort. Is it common to get 30 yr loans on these large complexes? Also, are rates typically higher or lower than a normal SFH investment loan? On my smaller properties I'm fine going the equity pay down route rather than extra cash flow, but on something this large, the extra cash flow would be nice.

Any guidance would be appreciated!