Lending options on 6 unit apartment building

[Zack Presnell]

I have located a 6 unit apartment building I am interested in. I have no experience with multifamily properties. What funding options to aquire the property has any investors used and which are the best? For example 20% down and 5 year interest only or 20% down 30 year fixed. Thanks for your input.

[Lisa Arlt Escoto]

There's also JV or equity partnerships to consider, where either the lender accepts less of a downpayment in exchange for some of the profits, or you bring in a money partner to provide the downpayment to satisfy the lender.

If you have a good enough deal you can usually find someone willing to partner or lend. 

Good luck!