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Private Lending & Conventional Mortgage Advice

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Lee Schram
  • Real Estate Investor
  • Northbrook, IL
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62
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own to many units in one building?

Lee Schram
  • Real Estate Investor
  • Northbrook, IL
Posted Mar 21 2016, 17:45

BP community, Need your help

I'm interested in purchasing another condo unit in a building where I own one already.  The lender says that he can't loan on it because then I would own more than 10% of the total units on an investment purchase.  

I know people who have more than one unit in the same building.  

Should I speak to a different lender?  

Any advice is appreciated

thanks

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