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Updated over 3 years ago on . Most recent reply
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Seeking Funding Advice for a 6 plex in Rockland Maine
I have an opportunity to purchase a 6 unit multi fam plus single fam (both on same in-town lot) with long term rental history in the waterfront city of Rockland Maine. I know the town well. I currently own a single family in town. My question: With only one deal under my belt, how best to get a 15-20 year loan with 10-20% down on a $500k purchase? Any thoughts much appreciated!!
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@Jane Johanson - Hi Jane, like @Ed Emmons said 1st National is a good place to start looking and also Camden National. I have been using Mechanics Savings Bank for my commercial purchases. Last one was a 10yr with a 20yr amort @ 4%.