Hi Nick, as mentioned before if you put a greater deposit down, you could get a better rate as a result. 

Economic Timing.According to data compiled by Marcus & Millichap[2], the Portland area has experienced three very important trends since 2010:The average price per unit for apartments has nearly doubledThe rate of employment growth rose from 2010 to 2015 but has since declined steadily, projected to be up 1% for 2020 (estimated before COVID-19)Roughly 30,000 apartments have been built since 2010, with another 5,600 units slated for construction in 2020Most RHA members have enjoyed a solid decade of price growth, rent growth and steady occupancy.

The "fine print" here is fairly sizeable upfront fees and high interest rates, relative to a traditional construction loan from a bank.  

Interest rates are high relative to house prices, this won’t last forever.  

Ive worked with them before for another displaced family and it was great, they even adjusted the rate mid stay and was a big financial win for me. 

Here are some top-rated floor plan apps that meet your criteria and might work better for your needs:1.

Vacancy rates can be highly market-specific and influenced by factors like the local job market, tenant demographics, and property management.

I’ve heard pay a slightly higher rate and take the loan out under your LLC.

Choose a multifamily or single-family investment approach, consider low cash flow priority, and monitor interest rates and seasonal timing.

Updates For 2024 and Beyondhttps://www.biggerpockets.com/blog/what-is-coming-in-2024-fo...What Are Current DSCR Loan Rates?