Updated almost 5 years ago on . Most recent reply
How are you funding your 5+ unit multi family units?
What is the typical way that you fund your 5+ unit multi family deals? I was told that 4+ is considered commercial. Any private money lenders who do commercial no doc loans? I am In looking to purchase In Louisiana and Georgia
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@Justin Lee We just closed on a 5 unit yesterday. 20% down, 25 year loan, readjust every 5 years. We found a smaller community bank. We have a few banks in our area Chicago suburbs, which have good terms. It just takes a bunch of calls to find which ones will work for you.