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22
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3
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Andrew Medici
  • Alexandria, VA
3
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22
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5-unit property and what the financing would look like

Andrew Medici
  • Alexandria, VA
Posted

Hey everyone! I wanted to ask the group a question that has been baffling me. You see, I have been looking for a small multifamily in Pittsburgh. I am familiar with the different financing vehicles involved and was set on something in the 2-3 units range. However I stumbled upon a five-unit property, which puts it out of range for residential conforming loans. Is there any way to get an idea of what the financing would look like and what the debt service would be on the property? I don't really want to waste time on it if it doesn't work for me but I am intrigued. 

Any thoughts on how to estimate debt service on this type of loan? Or any Pittsburgh-specific resources (or people) out there I can have a more casual conversation with about this before I get too serious?

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