Looking for lenders on apartment complex
Hi there! I am looking for a large loan where I can purchase a very big apartment complex. I want the loan terms and payments to be based on the monthly cash flow the property is bringing in rather than any personal income. Does anyone have suggested lenders, private lenders, or hard money lenders I can get in contact with regarding this?
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You just need to look into a DSCR loan program which will use the rents not the personal income. These programs as easy and a fast way to obtain REI!
Depening on how many units is where you will have the biggest challenge. Anythig 5+ is commerical and can also be done as Non/QM. If it's a (2-4 Unit) it's a walk in the park and just a simple DSCR with 20% down.