10-15% down multi-family loan?

[Scott Beebe]

Hello,

Anyone know of a 10-15% down multi-family loan out there?

Thanks,

Scott

[Caleb Heimsoth]

Scott Beebe it is unlikely you find this through most normal ways. You can find this through seller financing or maybe using a private lender.

Conventional financing on 1-4 units will be 25 percent on anything greater than 2 units and likely minimum 20 percent on 20 units.

Commercial financing (5 plus units) will be 25-30 percent down depending on the strength of the buyer.

Sometimes a lender will allow you to do 15 percent down with a 10 percent seller financed second mortgage. Those are increasingly rare though.

Hope this helps