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Updated over 4 years ago, 06/22/2020
Fix rate financing for apartment buildings
Hi,
I am hearing lot of discussion on commercial loans being available for fix rate for 15 years or longer term. Currently we own Duplexes to 14 unit apartment buildings. Most of our loans are for about 5 year term and 15-25 year amortization. Does anyone have some info for loans of 300k-1.5 M range available for fix rate 15-30 year. I have tried couple of companies and all end up saying that it is easy to get them for single family but not for apartments.
We are working on closing our next deal, it will help if we can finance it at fix rate.
Thanks,