New Port Richey, FL · Member since 2014 · 32 posts · 1 vote
What type of loans can you get to finance lets say a 40 unit apartment complex for 2 million? I heard theres alot of good goverment loans with low interest rates. What type of loans would work best for a large apartment complex? Any suggestion?
Rental Property Investor · Phoenix/Lima, Arizona/OH · Member since 2012 · 4k+ posts · 4k+ votes
11y
Well, first of all, unless the rents in in these 40 units are $1,000+, then you shouldn't be trying to finance it since having paid $50,000/door you will more than likely loose money.
Secondly, there are FHA loans, but $2 mil is likely too small for those. Basically, this is commercial portfolio loan scenario...Go to a local lender with perhaps 4 or 5 locations.