NYC $1MM-$5MM multi loan rates
Anyone know where the market is for rate, could be floating and or fixed for 5, 7 or 10 years in the multifamily market, 4+ units?
Anyone know where the market is for rate, could be floating and or fixed for 5, 7 or 10 years in the multifamily market, 4+ units?
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Gse is 3-3.5. Depends on how complicated your property is and strength of your balance sheet
no sub 3 rates?! any idea which banks. This is for me personally, not for my company.
I’d seen sub 3 a few times. These are for Freddie quotes in NYC. You’d have to get the loan through a company like Greystone then Freddie will purchase. Not sure about rexourse financing
Freddie SBL is insane right now. We were at least 75-100 bps wide of them 🙄🤯
Depends on LTV (really DSCR) - We have seen sub 3 on NYC Multifamily from local savings/community banks, life insurance co's, agency, credit unions, and even some funds on larger core deals
was just quoted 3.75 for 10 years 80% LTV
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