Best Am and LTV for Multifamily Conventional Loan (8+ units)

[Stephen Anthony]

Hi BPers,

Has anyone seen better terms for multifamily lending than 20 yr am fixed, 80% LTV? I'd really like to find a 25 year am if possible. (I'm guessing 85% LTV is out of the question.)

My loan shopping focus has been on many local or regional banks, and tried one national internet-based bank. Wondering if there's a category of lenders I'm missing that would have better terms?

Some situational specifics pertaining to the question:

• 8+ units, $250k+ loan amount
• Current rate at 4.5%
• Property in Omaha, Nebraska
• New investor, no existing portfolio to leverage
• High credit score, Good personal income

I'd take only 6-10 years of a fixed rate until reset if that made the 25 yr am possible. Any thoughts or possibilities? Thanks!