Financing 5 separate condos into one loan

[Andres Osorno]

Hi All,

I am looking at an opportunity to buy 5 units (condos) all for sale in the same transaction, and am looking what the best form of financing would be. Since they are individual units, I am not sure if they can be bundled into one loan of 5 (my guess is that one loan is more efficient than 5 individual loans), but not sure what the best loan type for this scenario would be. In can put up to 25% of the money upfront, any help is greatly appreciated.

[Chris Mason]

Originally posted by @Andres Osorno:

Hi All,

I am looking at an opportunity to buy 5 units (condos) all for sale in the same transaction, and am looking what the best form of financing would be. Since they are individual units, I am not sure if they can be bundled into one loan of 5 (my guess is that one loan is more efficient than 5 individual loans), but not sure what the best loan type for this scenario would be. In can put up to 25% of the money upfront, any help is greatly appreciated.

 If this is a large condo complex you could do it as 5 vanilla Fannie 30yf loans; if this is a smaller complex or you prefer a single blanket loan, it'll  be a commercial financing scenario... adjustable, 20-25 year term, etc.