Loan for 330k MF property with on site storage Units in Indiana
Does anyone lend on/know any good lenders for MF in the midwest? I know the capital markets are crazy right now but I’m wondering if anyone is getting decent debt terms these days?
[{"id": "ihnq7z9", "text": "Just find a local lender. Credit unions and small banks have some good rates right now.", "replies": [{"id": "ihoa1fh", "text": "Figured this would be the best bet. I haven\u2019t gotten great terms from any that I\u2019ve talked to but might just have to bite the bullet", "replies": [{"id": "ihxqk7q", "text": "What's your definition of great terms? Interest rates are up 2.5% in the last 90 days...", "replies": [{"id": "ii3ezfo", "text": "Sub 6% interest with 1-2 points and 30 yr am. Might not be realistic after this last rate hike unfortunately", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]