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HomeForumsMortgage Brokers & LendersCommercial loan for 6+ unit without land lordExperience in CT
Kay Ferdous's profile image
Kay Ferdous's profile image
Kay Ferdous
  • from East Rockaway, New York
  • Member since Jul 19, 2016
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Kay Ferdous's profile image
Kay Ferdous's profile image
Kay Ferdous
  • from East Rockaway, New York
  • Member since Jul 19, 2016
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Kay Ferdous
  • East Rockaway, NY
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Mortgage Brokers & Lenders

Commercial loan for 6+ unit without land lordExperience in CT

Kay Ferdous
  • East Rockaway, NY
Posted Sep 21 2016, 12:31

Can anyone advise in how to go about finding a commercial loan 6+ unit buildings? I'm currently looking at few properties that are between 6 to 10 units and Price range between 250k to 900k in Connecticut ( east hartford/new haven/new britain/bridgport). NOI and Debt ratios are Ok on these properties and I'm able to put down 20% to 25% but I dont have any landlord experience. Friend of mine suggested to find a sponsor with experience but besides that any other suggestions or is that my only option?

 thanks.
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