Updated about 7 years ago on . Most recent reply
Multifamily loan advice
Does anyone know any lenders in the area of east Texas that invest in multifamily properties. Thanks!
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@Marco Gonzales @Daniel Federico CoreVest is fantastic! We love them. They qualify you based off the cash-flow of the property. There are very specific value per-door requirements you need to hit on multi-family, and since it's based on cash-flow, you'll have to hit specific DSCR requirements as well.
Have you reached out to any local banks for this as of yet? It will be a bit more cumbersome to qualify for a loan through a local bank or credit union, but you might get better rates and terms...
Feel free to send some info over to @Alex Bekeza, he may be able to help.