Requirements to get a loan for large multi family deals?

[Matt F.]

What is required to get a loan for a multi family deal such as a 12 unit apartment complex? As I have been researching and reading, I understand that lenders are looking for some experience and a track record. That said, what does that translate to in terms of specific requirements?

[Dan Gamache]

@Matt F. Private Lenders in this area definitely would like some experience. The specific property (location, etc) will play a factor. If you can do 25%-30% downpayment, property has strong cash flow, and you have assets you would have a good chance at getting financing. May require you to hire professional property mgmt co in lieu of experience.