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Buying & Selling Real Estate

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Financing for a 5 unit building

Varouj Asdourian
Posted Aug 11 2020, 15:46

Hi Everyone

I am looking at a 5 unit building in an excellent market with very good rents.  I have two other properties that I financed via a standard loan but I believe for something like this it would be a commercial loan, correct? Also, are the down payment requirements the same at 25% or do some lenders allow for a lower down payment? Any help or advise is appreciated.

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