Typical Multifamily initial Financing

[Steve Oswald]

Hello Everyone,

Got a question concering MF 5 +.  What are typical lending terms for smaller MF investments (<20 units) upon purchase.  I've only dealt with a Credit Union and I'm only able to get 5 year term, 20 year amortization.  I had something line up with WF, with a 30 year amortization, but that fell through and I couldn't get the deal to work on a 20 year amortized schedule.  Just trying to get a feel for what is typical.  Thanks for the input!