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Updated over 5 years ago on . Most recent reply
Long Term Financing for Multi-Family units in Minneapolis Area
Hi all,
I'm wondering if anyone knows of any lenders that do longer amortization (20-25 year) loans for multi family properties. LTV would be 75%, purchase price in the $1MM - $3MM range and assume strong cash flows. I have contacted a few in the area and most were 5-15 years, just wondering what else people are seeing out there.
Thanks!
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#2 Multi-Family and Apartment Investing Contributor
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#2 Multi-Family and Apartment Investing Contributor
- Rental Property Investor
- St. Paul, MN
Originally posted by @Jordan Rocca:
Hi all,
I'm wondering if anyone knows of any lenders that do longer amortization (20-25 year) loans for multi family properties. LTV would be 75%, purchase price in the $1MM - $3MM range and assume strong cash flows. I have contacted a few in the area and most were 5-15 years, just wondering what else people are seeing out there.
Thanks!
Agency debt will get you what you're looking for. Call Capstone, Greystone, CBRE, Berkadia, Walker & Dunlop, etc