Properties too large for Residential Loans
Hello, I am currently shopping around for multi-family properties and have been able to find quite a few that have great cashflow. However, when I approach the banks with the properties (typically 6+ units), I am unable to attain a residential loan or anything more than 20 year terms. Changing the numbers around to a twenty year amortization, my cash flow no longer makes any sense. So my question is are there any other options out there that can help provide a longer term for 6+ unit properties?