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Updated almost 7 years ago on . Most recent reply

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16
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7
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Anthony Petrarca
7
Votes |
16
Posts

First post and Apartment loan question.

Anthony Petrarca
Posted

Probably the wrong forum, but hello anyway.

I'm selling a commercial property and will be doing a 1031 exchange. Looking to buy an apartment bldg in the $2-3M range and will be financing at 65-70 LTV. Besides setting aside $400/unit, how much cash will a bank want me to have on hand or available?

Thank you,

                      Anthony

  • Anthony Petrarca
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