Oakland California lending advice for 5 unit multifamily

[Michael Kay]

Hi hi friends!

Here's my situation: I found a pretty good deal on a property that is 5 units in Oakland California that has a lot of upside potential. Originally I wanted to use an FHA residential loan to house hack but because it's 5 units they won't go with that. Most commercial options I've looked at want 10 or 20% down.

Are there any kind of similar low money down loans for an individual investor?

[Brian Garlington]

I don't know for sure but check with local credit unions....cheapest I've heard of on commercial though is 20% Down.....but that's not for anywhere around here