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Updated over 6 years ago on . Most recent reply

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5 plus commercial landers

Dmitry Ratmansky
Posted

Have a 5 unit producing great ROI. Rents undercharged. How to find loan? Ideas besides owners financing

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Nick Schoch
  • Commercial Mortgage Broker
  • San Diego, CA
69
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70
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Nick Schoch
  • Commercial Mortgage Broker
  • San Diego, CA
Replied

Fred asked the natural first questions. If you aren't familiar with the market, it might make sense to talk to a commercial mortgage broker. 

Alternatively, you can do some research yourself to get an idea about the financing market. 

You may want to call your local bank to see if they have a program. I would also reach out to a few agency seller/servicers like CBRE, Greystone, Hunt, etc. You can Google search for more options. This is an introduction to the Freddie Small Balance Program from CBRE. 

You could also Google search for apartment loan DIY guide to see what other resources are out there.

If you are willing to share more specific details such as the questions Fred was asking about, I'm sure we can help you more.

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