Multifamily loans are essential for investors who want to make investments in real estate. Investors can find multifamily loans from a variety of places, but which ones suit their needs the best?

In the words of the voiceover in the video, credit unions are among the finest loan sources for those looking to purchase real estate that is multi-family. Why? because, unlike banks credit unions don’t impose penalties for prepayment on their loans. The amortization of loans from credit unions is ranging from 20 and 30 years.

Investors who want to refinance their mortgage rather than pay a higher yield maintenance fee are better provided from credit unions. However, there is one drawback to those who take multifamily real estate loans from credit unions. In particular, credit unions don’t provide interest-only loans.

Investors can also get loans for multifamily real-estate via the HUD (department of housing and development). Multifamily mortgages for real estate are offered by the HUD. They come with an interest rate of loan-to-value (loan on value) which is approximately 85 percent and a loan repayment duration that is 35 years. cvarsq3gh9.