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Updated almost 5 years ago on . Most recent reply

Rick Mills's profile image
Rick Mills's profile image
Rick Mills
  • Business Owner
  • from Dixon, IL
  • Member since Nov 9, 2014
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Rick Mills's profile image
Rick Mills's profile image
Rick Mills
  • Business Owner
  • from Dixon, IL
  • Member since Nov 9, 2014
Connect
Rick Mills
  • Business Owner
  • Dixon, IL
4
Votes |
9
Posts
Multi-Family and Apartment Investing

Multi-Unit Loans considering the corona virus

Rick Mills
  • Business Owner
  • Dixon, IL
Posted

Are there lending insitutions still doing loans for multi-unit properties ($250,000 & above). Most banks seem to be at at a standstill with the coronavirus.

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David Frasz's profile image
David Frasz's profile image
David Frasz
  • Lender
  • from Washington, DC
  • Member since Jun 12, 2016
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David Frasz's profile image
David Frasz's profile image
David Frasz
  • Lender
  • from Washington, DC
  • Member since Jun 12, 2016
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David Frasz
  • Lender
  • Washington, DC
12
Votes |
25
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David Frasz
  • Lender
  • Washington, DC
Replied

@Rick Mills I am a commercial (5+ units, >$1M loan) Fannie/Freddie lender and we are still lending.  As @Charles Seaman noted, terms are a bit more conservative but we are still getting deals done. Shoot me a message and let's connect if you're interested. I am happy to be a resource to keep you up to speed on where the Agencies are. Cheers!

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