Banks offer 20% down and 30 year amortization period

[Eric S.]

Just  wanted to put a feeler out there to anyone in Central Ohio. What are some good investor friendly banks out there? I am looking to purchase more 2-4 units, but want to slowly get into 5 units or more commercial properties.

I know I am spoiled I currently been using small local bank that I have great relationship with, last two properties I purchased only needed to put 15% down and got 5% 5 year arm amortized over 30 years.  Problem is being that they are small they dont like to lend more than million worth of loans in given year. They want to see the properties stabilize for year and see performance on them as justified on taxes i.e. schedule E.

That being said I am looking for 20% down 5 year arms with 30 year amortizations. Most banks I contact that allow 80%LTV will only amortized over 20 or 25 years with exceptions.

If anyone has any suggestions for banks or brokers please let me know. Cheers!