How Can I finance an Apartment Complex?!?

[Brandon Hanks]

I have been investing in Real Estate and have purchased 9 properties in the last 3 years.  I am still pretty new, but things are moving along great. I want to look at investing into something bigger such as Apartment Complexes. I know there is a 10 loan limit for conventional loans. How is one able to purchase a 120 Unit Apartment Complex.

When I purchased a Quadplex earlier this year, i was told that it counted as 4 against my 10 properties for conventional loans because they are individually deeded. I think I'm a bit confused on how this works. If anyone could chime in and enlighten me, I would greatly appreciate it.

[Cody L.]

All those silly "you have 10 slots" stuff goes away with commercial.

But on the flip side you don't get that sweet 30 year fixed money on apt buildings

I have ~1000 units. When I buy more the bank simply wants a reasonable downpayment (lately it's been 20%). They'll normally do 5-10 year fixed. And 20-25 year amortization