My buildings are financed through a local bank. It's easy to get the loan, and I have a great working relationship. I can buy pretty much whatever building I pick with them, they will tie a new property to an old one. I haven't put up any money down on one for qiute some time. The downside is I would like to get some better rates. On a current loan I will pay 8.5%, over 20 years, fixed for the first 5, floating after that (other local banks don't offer anything better). I looked at a 100 unit building a few years ago, and it had a non recourse loan on it. Where should I look for better rates/terms? I would add that the mortgage brokers that I have talked to seem to be interested in 4 plex or under. Mine are mostly bigger. Any ideas?
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