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Benjamin Robinson
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22
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Big mansion converted to 9 units

Posted Jan 19 2022, 03:59

Hello all!

I have a little question… I have stumbled upon a mansion that has been converted to a 9 unit. When talking to a lender, what are the possible loans I could get? The lender said that I wouldn’t be able to get a long term and mentioned something about a ballooning loan? Does anyone have any experience or insight into this type of deal? Thanks.

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