What's the Best Choice for Your 24 Unit Multifamily Refinance? Agency Debt vs Bank Loans

What's the Best Choice for Your 24 Unit Multifamily Refinance? Agency Debt vs Bank Loans

Hey Beau, I purchased this 24-unit multifamily property with a bridge loan about 20 months ago. It’s now stabilized and I’m looking to refinance the property. What would be my options? I own 2 other smaller multifamily properties a 12 unit and a 6 unit. The numbers are as follows:
Purchased for $1,289,000
Capex to date: $365,000
Occupancy 97%
Loan Balance: $1,175,000
Estimated Value: $1,975,000
Locations: Knoxville, TN
Goal 70-75% cash-out

Thank you,
Gene

Timestamps
[01:04] Looking at Fannie Mae & Freddie Mac type of deal
[01:10] 30-year amortization
[01:24] Bank credit union or agency debt could be an option
[01:43] Most lenders, banks, and credit unions love multi-family
[02:07] Explore all the options
[02:13] Signing a personal guarantee to get you an attractive quote with the credit union
[02:25] Book a call at https://investorfinancingpodcast.com/rumble

If you'd like to ask me a question about real estate, do it here -- https://investorfinancingpodcast.com/ask

Are you a real estate investor or business owner looking to expand? Book a discovery call with Beau to learn all the ways he can help you - https://investorfinancingpodcast.com/rumble

💥 Thanks for watching 💥
#agencydebt #multifamilyrefinance #multifamilyproperty

About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.

🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance all your projects.

About the Channel: Want to structure your investments in the right and secure way?

Learn great insights and make the right decisions through the Investor Financing Podcast hosted by Beau Eckstein.