is 85% LTV possible for Multifamily purchase?
I am located in the far Chicago west suburbs and short on the 20% down for a 12 family.
Norm is to put 20% down but is anyone aware of a lender that will got with 15% or 12% down?
The 12 unit building is listed for 925K so before doing an offer and negotiating the price I will like to get pre-approved putting 12% or 15% down.
Any advice comments or info greatly appreciated.