Not finding the rates being discussed on podcasts
I have been hearing that commercial apartment rates are in the 6.5% range from several podcasts recently. I am working on a 7 family and a 9 family deal, but all of my local lending contacts for commercial loans are quoting me between 7.5% and 8%. For DSCR qualification that 1%-1.5% makes a big difference. Do I just need to look harder or is what I am hearing mostly geared toward the 50+ unit deals? Thanks everyone!