Does 5% APR for Non-Owner Occupied 4-units Exist? If So, Where?

[William Coet]

For conventional 30 year fixed rate mortgages is it possible to find a 5% rate anywhere (or anything below 6%) for non-owner occupied 4-units?  If so, where?

Looking at a deal and the 6.5% I was quoted today will ruin the budget.

Thank you!

[William Anderson]

Rates have been staying above 6% for a while now on a traditional commercial real estate loan. As others have mentioned this is the time when the hybrid loans are pulled out of the drawer filed back in 2008. SFR stepped mortgage loans are back to help with lower starting rates.

Look around, lenders are getting very creative