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Updated over 4 years ago on . Most recent reply

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26
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6
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Arijit De
6
Votes |
26
Posts

Financing for 6 unit MultiFamily in Alabama

Arijit De
Posted

Hey all, I am about to go under contract for my first multifamily property a 6 unit building in Birmingham, AL. I was wondering if anyone in the area had any suggestions as to who to go to for financing. I'm looking for 70-75% LTV, 5-7 year term and a 30 year amortization schedule preferably.

I've am working on gathering a list of regional banks and am ready to call their lending departments but I thought before I do I might as well see if anyone on BP has a reference that they have worked with before with success. All suggestions are welcomed. Thanks!

Most Popular Reply

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76
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43
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Brian Tunnell
  • Rental Property Investor
  • Birmingham, AL
43
Votes |
76
Posts
Brian Tunnell
  • Rental Property Investor
  • Birmingham, AL
Replied

I recommend Parker Stringfellow at Bryant Bank in Birmingham. Cangrats and good luck!

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