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Updated over 6 years ago on . Most recent reply

Zach Bollman's profile image
Zach Bollman's profile image
Zach Bollman
  • Attorney
  • from United Kingdom
  • Member since Dec 21, 2017
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Zach Bollman's profile image
Zach Bollman's profile image
Zach Bollman
  • Attorney
  • from United Kingdom
  • Member since Dec 21, 2017
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Zach Bollman
  • Attorney
  • United Kingdom
16
Votes |
41
Posts
Multi-Family and Apartment Investing

Financing Multifamily (5+ Units)

Zach Bollman
  • Attorney
  • United Kingdom
Posted

Hello all,

Currently looking at multifamily properties to dive into real estate. Properties range from 8-16 unit. I’m curious as to what other BP members have found regarding financing. My general understanding is I’m essentially looking at 30% and around 2% over residential mortgage rates. Is this accurate?

Also, does anyone have any suggestions for who to reach out to for a quote on multifamily financing? Thanks!

Best,

Zach

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Cody DeLong's profile image
Cody DeLong's profile image
Cody DeLong
  • from Gorham, ME
  • Member since Feb 12, 2018
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Cody DeLong's profile image
Cody DeLong's profile image
Cody DeLong
  • from Gorham, ME
  • Member since Feb 12, 2018
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Cody DeLong
  • Gorham, ME
186
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280
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Cody DeLong
  • Gorham, ME
Replied
@Zach Bollman start contacting local banks. I just did a $220k commercial loan on an 11 unit at 4.75% based on a 20 year ammorization with a 5 year term.
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