Current Rates for a Four-Plex

[Neely Coble]

Hello All,

Does anyone have any info on current rates for a Four-Plex (30yr Fixed - 25% down). I will not be living in one of the units.  I was quoted 4.625% which seems a little high.

Thanks!

[Leigh S.]

Take that money and run with it! I have had a terrible time finding multi-family money lately. I found a multifamily no doc loan today for 8.9%, repayment penalty that phases out after 5 years and a pretty steep loan fee. I may take the loan, even though the terms aren't ideal. In my opinion, 4.625% seems fantastic considering what you are trying to fund.