Is this possible? Jumbo conventional loan on a 4plex/condo in MN

Is this possible? Jumbo conventional loan on a 4plex/condo in MN

Investor · Seattle, WA · Member since 2019 · 47 posts · 18 votes

Question, How would you do a conventional finance on a 4unit duplex that's technically a condo? Location is near Bemidji, Minnesota. There is no HOA and there would not be one owner (there would need to be co-borrowers as my business partners and I want to take this down together). We are really needing some help to think creatively about how to take this property down. Also it would need to be a jumbo loan I think, as it's over $1million. Thanks for any insights/advice!

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  • Real Estate Agent · Bemidji, MN · Member since 2018 · 1 post · 0 votes
    5y

    What is the address of the property you are discussing? It will really depend on what it is.

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