Multifamily refinancing in Phoenix

[Rylan Lacey]

Hello Biggerpockets!

I have a 24 unit apartment community that I am building ground up, and I’m about 4-6 months from finishing construction. All 3 bedroom 2 bath 1,000 sq ft with backyards, stainless steel appliances, washer and dryer in unit. Rents are around $2,000 a month when complete.

I’m looking to get ahead on an idea of financing for this. I usually build small apartment communities and then sell them to investors before they’re finished, but this one I’m planning on keeping.

I’m just looking for some brokers/lenders who would be interested in helping get the best refinancing options available. What are some rates people are getting? Are there 35-40 year amortized loans with 5 year balloons under 7%? Just looking for some good options.