Multi-family financing how does it work?

[Anthony Martello]

Hi,

I am very new to REI. I am looking for guidance on how financing for multi-family properties works. Whenever I make inquiries I am told to either go find a property or pay me to mentor you. While I have no problem with either scenario I am entering into a professional relationship blind. I would love to get information about how the process works, who the lenders are and what financing options are available.

Any information would be greatly appreciated.

Thank you!

[Todd Dexheimer]

I wrote an article on this that will hopefully provide some guidance. Basically you have local and regional banks, agency debt, CMBS debt and bridge debt. There are other options, but those are the main ones. Local banks are the best option for loans under $1mm, agency or bridge are often the best bet for over $1mm. Its all deal specific. Talk with some local banks and some mortgage brokers that deal with multifamily.

https://www.biggerpockets.com/member-blogs/10145/72001-getting-an-apartment-loan