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All Forum Posts by: Ethan Patrick

Ethan Patrick has started 1 posts and replied 2 times.

Post: financing a 10-20 unit

Ethan PatrickPosted
  • El Segundo, CA
  • Posts 2
  • Votes 1

Hey Bernadeau we're seeing rates anywhere in the 5.5% - 7.0% range on MF 10-20 Units depending on a few property factors. 

I am looking to do a Small Cash-out Refinance on a 8-unit multifamily investment property in North Carolina. The property has a 6% cap rate and estimated value of $380,000. Looking to pull out around 200-230k. 

Does anyone have any recommendations on local banks or credit unions in North Carolina that would be able to do this?