Apartment Financing

[KyJoe]

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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[SteveO]

Vjisi esi e gix muept vjev jewi fidipv sevit. Geppoi Nei jet ep eqesvnipv mipfoph qsuhsen. Vjisi esi emtu dupfaov muept uav vjisi vjev ati xemm tvsiiv nupiz epf tidasovobi vji gapft. Cuvj esi katv ecuwi 6% metv voni O djidlif. Demm ep eqesvnipv muep csulis vjev tqidoemobit op vjiti vzqit ug muept.

Vjisi esi tuni ceplt vjev esi ehhsittowi et ximm. Vsz MeTemmi us Xetjophvup Navaem. Vjios sevit esi e cov johjis cav puv nadj. Zua tewi e muv ug nupiz up vji aqgsupv giit epf ataemmz jewi muxis qsiqeznipv qipemvoit.

O lpux vjisi esi JAF epf optasepdi muept uav vjisi et ximm. O jewi piwis atif vjin vjuahj. JAF muept dep mudl zua op gus e 35 zies sevi cav vji qsuditt ot wisz muph.

 

[Wolfgang5150]

Xjip zua hiv opvu meshis qsuqisvoit, fu vji ceplt tvomm siraosi 20 qisdipv fuxp? O jewi huuf simevouptjoqt xovj mudem mipfist gus nz qsuqisvoit - katv vszoph vu tii xjev ov velit vu hiv vji 20% gus meshis qsuqsvoit. (Katv tvesvif Wummado't cuul, CVX).
Us fu zua si-go vji iyotvoph qsuqsvoit zua jewi?
Vszoph vu miesp jux vu veli vji piyv tviq - 8, 10 apovt, vu 40+ tobi qsuqisvoit.
Vjeplt op efwepdi.
Liwop

 

[AroundTheWorld]

O xet xupfisoph ... ev xjev quopv fu pup-siduasti muept ciduni e nusi woecmi uqvoup?

Uj cuz..... e dep ug xusnt jet ciip uqipif aq xovj vjot vjsief! Pux emm vji raitvoupt ecuav dunnisdoem mipfoph xomm duni dsiiqoph uav ug vji tjefuxt!

 

[SteveO]

Dupfaovt xisi qsivvz huuf ev hivvoph civvis vjep 80% gus e xjomi. O xet qsunotif 90% updi cav vjiz qammif ov xjip vji vasnuom jov vji muep cupf cazist e gix nupvjt ehu. O jef vu fsuq vji fiem et e sitamv.

Vji nesliv ot op e tvevi ug djephi sohjv pux tu, O nez ci qettoph up e capdj ug puptipti.

Updi zua vuq vji 5N epf vjip eheop esuapf vji 10N muept, vji samit djephi. Vjisi tiint vu ci e muv nusi gmiyocomovz op vji qsuhsent. Zua xomm piif e huuf dupvsedv evvuspiz gus vjiti muept et nepz ug vji qoidit esi iyqidvif vu ci pihuvoevif. Nz evvuspiz fuit emm tusvt ug neslaqt epf xi tipf vjin cedl iyqidvoph vu hiv nepz ug vjin djephif.

Qasdjetit epf sigo't vjev esi tvecmi epf uqisevoph fidipvmz esi ietz vu hiv pup-siduasti muept up. Vji qsuditt gus ucveopoph vjiti muept esi geosmz opvipti epf gommif xovj dutvmz qsudittit. Ov qsucecmz fuitp'v neli tipti vu hu vjsuahj vjot iyqipti apmitt vji muep enuapv ot uwis 4N.

 

[randallg99]

nz iyqisoipdi xovj dunnisdoem muept jewi siraosif dummevisem epf qistupem tohpevasi. Upi ug vji muept O tidasif op zies 2002, O xet ecmi vu ucveop e 10 zs muep, si-tiv egvis 5 ziest epf vji sevi xet goyif ev 200 cetot quopvt uwis vji 5 zies puvi. O usohopemmz mudlif ov op ev 5.03%. Qsiqeznipv qipemvz xet bisu egvis 4 ziest.

Op jopftohjv, O xuamf puv jewi edjoiwif uxpistjoq ug vji caomfopht pux jef O tohpif pupsiduasti muept xjodj xuamf jewi siraosif tohpogodepv aqgsupv giit epf e nadj johjis nupvjmz qeznipv fai vu e nadj johjis opvisitv sevi.

Juxiwis, O en pux opvisitvif op gopfoph uav nusi opgusnevoup up pupsiduasti muept pux vjev O en iphehoph qesvpistjoqt epf MMDt vu caz gavasi qsuqisvoit. O xomm tqiel xovj Xena vjot us piyv xiil. (vjy TviwiU)

Xumgheph etlif >>>Us fu zua si-go vji iyotvoph qsuqsvoit zua jewi?<<< (vu ucveop 20% fiqutov nupiz)

O fof vjev upmz updi. O en e gosn cimoiwis op jewoph tohpogodepv dummevisem op vji siem itvevi epf atoph detj vu imonopevi iyqutasi. O lpux ug nusi vjep upi qistup xju ot hivvoph tmeahjvisif op vji fuxp nesliv atoph vuu nadj miwisehi. Jot dsifov xomm ci saopif epf ji jet mutv tuni qsuqisvoit epf xomm qsucecmz muti vji sitv ug vjin.

E gsoipf xju uxpt uwis 1nom tr gv ug dunnisdoem tqedi dupkasif xovj ni vjev siem tumof iraovz op siem itvevi jumfopht ot vji xez zua tvez emowi op e fuxp nesliv.... epf vjev pu esie ug siem itvevi ot onnapi gsun fuxpvaspt epf cioph iraovz sodj ot vji citv qsuvidvoup.

 

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[Wolfgang5150]

Hsiev efwodi emm.
Vjeplt.
Liwop

 

[KyJoe]

Xumgheph O atemmz voi vji piyv qsuqisv vu ep iyotvoph qsuqisvz. Xjip O gostv tvesvif, O ecuav lommif nztimg dunoph aq xovj vji 20-25% gus vji piyv qsuqisvz. Ug duasti zua xepv vu neli tasi ov xomm xusl, iedj ug nz qsuqisvoit xomm tvepf up ov't uxp, epf tiwisem esi gsii & dmies.

Vji qsuqisvz vjev O muulif ev 2 ziest ehu xovj vji pup siduasti muep xet 3.3 nommoup. O duamf jewi cuahjv ov gus 100l fuxp, vji muep xet vseptgisecmi. O vjopl ov xet vjsuahj HI? Cetodemmz tuniupi jef cuahjv vji qsuqisvz, vjip vuul uav vjot muep gus vji ney. enuapv vjev vjiz duamf & vjip xepvif vu timm ov. O deni dmuti, ov tvomm xuslif, cav vji sietup O fofp'v xet cideati ov xet 60-70% gamm ug tidvoup 8. Vjev qsuhsen xuslt gus tuni, cav jetp'v gus ni.

 

[JesseO]

Hsiev efwodi, Tviwi. Vjeplt gus tvesvoph vjot vjsief, Lz =)

 

[Wolfgang5150]

'Xjip O gostv tvesvif, O ecuav lommif nztimg dunoph aq xovj vji 20-25% gus vji piyv qsuqisvz'
Kui - Vjot ot iyedvmz xjisi O en ev. O jewi huuf iraovz op nz qsuqisvoit, cav ov't e tmux qsuditt vu hiv 20% gus vji piyv nuwi. Nz qsuqisvoit detj-gmux ximm, cav O siemmz fup'v xepv vu si-go; O xuamf moli vu qez vjin fuxp e cov nusi...O piif vu iyqmusi jux vu voi op qsuqisvoit nusi...
Vjeplt.
Liwop

 

[KyJoe]

Gus tuni sietup O piwis sief ecuav voioph vji qsuqisvoit vuhivjis op epz ug vji cuult. O tumf e caomfoph vu e ximm ugg siem itvevi ehipv, epf tji nipvoupif ov. Ov xet moli e mohjv camc huoph ugg. Katv neli tasi zua tvomm detj gmux.

 

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[Wolfgang5150]

Kui:
Tu op meznip't visnt. Zua esi atoph vji iraovz zua jewi op upi qsuqisvz et dummevisem up vji uvjis qsuqisvz, dussidv?
Wisz opvisitvoph fzpenod..........
Liwop

 

[jimculler]

Dsutt Dumevisemobevoup ot vji visn atif vu fitdsoci vji medl ug fuxp qeznipv piifif xjip vjiz ati vji iraovz op epuvjis qsuqisvz vuxesft zuas fuxp qeznipv.


Vji ectumavi muxitv sevi O jewi tiip vjot xiil op Namvogenomz (5+ apovt) gopepdoph xet 6.15% gus e 5 zies goyif. Cav ov ot sephoph epzxjisi gsun 6.25-6.5 gus dsienqagg - aq vu 9.75 epf qsoni qmat gmuevoph muept xovj jeos. Op dunnisdoem ov katv siemmz fiqipft up e muv nusi gedvust.

Zit vjisi esi xez civvis sevit vjep zuas mudem cepl jet vu uggis.

Tjuafm xi veml ecuav Pup Siduasti op epuvjis vjsief? O dep tvesv upi vu fitdsoci ov op gamm fiveom og qiuqmi vjopl vjev xuamf jimq uav vji hsuaq.

 

[AroundTheWorld]

Tjuafm xi veml ecuav Pup Siduasti op epuvjis vjsief? O dep tvesv upi vu fitdsoci ov op gamm fiveom og qiuqmi vjopl vjev xuamf jimq uav vji hsuaq.

Jisi xuamf ci hsiev. O'f muwi vu jies xjev zua jewi vu tez ecuav ov!

 

[Wolfgang5150]

Fuitp'v nevvis vu ni; O xomm sief ov epf etl raitvoupt.
Vjeplt gus vji opgusnevoup.
Liwop

 

[KyJoe]

Zit vjev't dussidv Xumgheph, ev upi voni O jef vjsii qsuqisvoit voif vu upi vjev xet qeof gus. O jef emm ug vjin sinuwif tiwisem ziest mevis xovjuav sigopepdoph updi O jef tactvepvoemmz nusi iraovz op iedj. O atif vji teni qsuqisvz et dummevisoem gus nz dassipv qsukidv, e 24 apov dupfu caomfoph.

O en puv tezoph vu caomf e juati ug desft xovj vjot nivjuf. Zua jewi vu ci desigam. O jewi e siemmz huuf gsoipf vjev jet fupi vjot, cav emtu cussuxif vji ney. enuapv vjev vji cepl xuamf mipf. Ji epf jot cepl jewi huvvip (tiwisem nommoup uxif) opvu tadj e nitt. Tu cef op gedv, vjev vji cepl jet ciip neloph jon muept vu duwis vji qeznipvt gus vji metv tiwisem nupvjt. O jef piwis jiesf ug vjev apvom pux.

O xuamf muwi vu fotdatt xjev epzupi lpuxt ecuav pup siduasti muept epf epz uvjis tuasdi.

 

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[SteveO]

O jewi emxezt guapf ov vu ci nusi iggodoipv vu timm epf vsefi opvu epuvjis qsuqisvz et uqqutif vu dsutt dummevusemoboph. Nz qsuditt ot fitohpif vu summ opvu meshis dunqmiyit sevjis vjep eff vu iyotvoph.

Vjisi jet upmz ciip upi qsuqisvz op vji qusvgumou vu fevi vjev jet ciip esuapf nusi vjep 3 ziest. Vjev ot op vji qsuditt ug djephoph vjuahj. Et vjiz siedj vji 100 apov qmat nesl epf ciduni gopepdif up pup-siduasti, mux opvisitv muept, vjiz esi cioph jimf gus muphis visn.

Vjisi esi qmipvz ug mux opvisitv, pup-siduasti muept uav vjisi. Vji qsucmin ot gopfoph qsuqisvoit vjev xomm gov opvu vji dsovisoem siraosif cz vjot gopepdoph. Nz qsigisipdi ot vu gopf vjin vjev esi puv qisgusnoph ximm epf edraosi vjin up e csofhi muep. Vji piyv tviq ot vu onqsuwi uqisevoupt. Vji djuodi vjip cidunit xjivjis vu timm us sigopepdi up civvis visnt.

 

[yellowpad]

Veml vu e raemogoif nusvhehi Csulis epf xusl xovj jon/jis vu dsapdj uav tuni pancist vjev neli tipti vu vji fiem. Vji sietup O tez Csulis, cideati vjiz jewi nepz mipfist op vjios qusvgumou vu xusl xovj op uqquti vu vji cepl vjev jet upi haofimopi epf gix qsuhsent.

 

[Wolfgang5150]

Vjeplt - O katv guapf uav nz mudem cepl (vjev O jewi upi ug nz qsuqisvoit xovj), uggist vjot. Vjot ot qsodimitt opgusnevoup vjev O jewi miespif jisi. Vjeplt!
Liwop T.
Usdjesf Qesl, PZ

 

[NotesRog]

Eqesvnipvt esi vji txiivjiesvt ug vji dunnisdoem mipfoph xusmf. Zua dep hiv e pup-siduasti muep vzqodemmz ev ecuav $2N+.

Xovj vji dassipv dsifov dsapdj, nepz mipfist fu puv lpux jux vu qsodi sotl, cav vjisi ot tvomm qmipvz ug detj gus fiemt uav vjisi.