Financing first multifamily

[David Prince]

I have a lead on a 16 unit multifamily. This will be my first multifamily deal so I'm obviously a little anxious about the financing. I've purchased SFH before so I know how that works but this is a new area.

I’m still conducting due diligence but the deal looks good so far. It’s in a stable area, good rent roll, owner has taken care of issues quickly and all units leased.

I'm not positioned for a conventional mortgage. Any thoughts on how to structure a deal without traditional financing and little cash? Anyone use JV for this type of scenario?