Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

41
Posts
16
Votes
Zach Bollman
  • Attorney
  • United Kingdom
16
Votes |
41
Posts

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

Most Popular Reply

User Stats

280
Posts
186
Votes
Cody DeLong
  • Gorham, ME
186
Votes |
280
Posts
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.

Loading replies...