Loan options for a 5 unit house.

[Mark Walker]

Community bank terms are 8.5% for 20y.

Any other options? DSCR?

[Jay Hurst]

Quote from @Mark Walker:

Quote from @Jay Hurst:

Quote from @Mark Walker:

Community bank terms are 8.5% for 20y.

Any other options? DSCR?

The issue you might run into to get 30 year financing on a 5+ unit in AL is the loan size. Most 5+ unit programs have loan mins starting around 500k. How much are you looking to borrower here?

Asking 1M but I'm thinking 800-900K, thanks

 ok, then that would work for 30 year fixed programs in that same rate range.