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Small Apartment Financing
Can someone please help explain guidelines for apartment loans.
I just went under contract for a 6 unit multi fam in Michigan. My plan is to BRRR (buy, rehab, and then finance) this property.
Are their min/max amounts to apartment loans, whats typical LTV, seasoning period, rates (in comparison to sfd investment loan), closing times?
Has anyone used a lender they highly regard?
Thank you