Creative Real Estate Financing

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George Nicely
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Financing Multiple Small Multifamily

Posted Jan 24 2022, 17:32

I'm looking at deal in Kansas that's a little unique.  The property consists of two quadplexes and a triplex on one parcel of land.  Currently working with the local city to get the parcel broken up into 3 separate properties but there's pushback. Does anyone know of a way to finance the deal as three separate small multifamily deals rather than all 11 doors at once?  Or flexible lenders that will look past the single parcel hiccup and lend on the 3 buildings?  Over 4 doors I'm getting pushed to commercial lending which is ok, but I'd prefer to leverage low fixed rates and 30 year AM associated with the residential units. Thanks in advance.

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