Financing 6 plex commercial? What is the average LTV? Tampa Bay.

[Esteban I.]

Hey everyone,

I found not such a great deal on loopnet for a MFH, 6 unit and it had me realize "I" know nothing about financing commercial. I did some reading on here and it seems that average LTV is 75%.

Does that seem right? Meanwhile, if you're in the Tampa area and would like to connect - just reach out! 

[Account Closed]

Originally posted by @Esteban I.:

Hey everyone,

I found not such a great deal on loopnet for a MFH, 6 unit and it had me realize "I" know nothing about financing commercial. I did some reading on here and it seems that average LTV is 75%.

Does that seem right? Meanwhile, if you're in the Tampa area and would like to connect - just reach out! 

 There’s banks that will do 20% down for a multi family with a 25 year 5/7/10 year fixed rate.  Just make some phone calls.  Get it under contract if that’s what you want.  It’s super low rates right now so act fast.