Looking for a lender for a new 4-family residential deal in NYC
Hi everyone. I’m seeking financing for a 4 unit residential building. For conventional investment mortgages, 30 year fixed it looks like rates are like 8%. Is that what everyone else is seeing?

On the flip side, I’ve seen that commercial loans are lower, but the current rents are way below market. So the dscr is low unless I put down like 40%. 

If anyone has an idea, or knows a lender who has good rates please let me know!
[{"id": "iwuhsed", "text": "You should get a broker", "replies": [], "depth": 1}, {"id": "iwujqhb", "text": "Flatiron Capital", "replies": [], "depth": 1}, {"id": "iwusdbv", "text": "I have a lender that would base it more off of personal finances instead of Dscr. Message me", "replies": [], "depth": 1}, {"id": "iww0awl", "text": "I have a terrific mortgage broker friend who specializes in NYC real estate. Can we chat further on this?", "replies": [{"id": "iww0dmb", "text": "DM me", "replies": [], "depth": 2}], "depth": 1}, {"id": "iwwldh2", "text": "What\u2019s the price point of the deal I can put you in touch with options. DM me if interested.", "replies": [], "depth": 1}]