Rental Property Investor · Charlotte, NC · Member since 2020 · 14 posts · 1 vote
I'm looking at a 4 property 15 unit property in North Carolina. The loans could potentially be broken up into 4 individual loans (per property) if the number of units is an issue for traditional lenders.
Real Estate Broker · Salt Lake City & Oklahoma City · Member since 2018 · 3k+ posts · 2k+ votes
6y
HI @Anthony Casa! This is a fun property to look through the lending scenario. I'm assuming you are asking if it is possible to obtain a 10-15% down loan on these?
Yes, it is. You'll have success here working with local banks or credit unions and using a Commercial Loan (as opposed to a residential mortgage loan). It's normal to see these hitting between 80-90% LTV, but in the current climate I wouldn't expect many lenders to be doing a full 90% LTV loan, but 85% seems doable.