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Updated about 9 years ago on . Most recent reply

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Sumeet C.
  • Great Falls, VA
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How to be creative for multi family housing

Sumeet C.
  • Great Falls, VA
Posted

Hello! Newbie here. I'm looking at a listing for a 46 unit multi family property with NOI of $252,500/year. Asking is $4M. Is there has to be a way to financé $4M for about $200-$225k/yr (in other words, near zero down) leaving about $25k cash flow? Called local commercial lender and they have so many onerous conditions that it's virtually possible to cash flow. Thanks

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Don Konipol
#1 Innovative Strategies Contributor
  • Lender
  • The Woodlands, TX
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Don Konipol
#1 Innovative Strategies Contributor
  • Lender
  • The Woodlands, TX
Replied

Short answer - no

  • Don Konipol
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Private Mortgage Financing Partners, LLC

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