
Need a Lender able to do 90% & 25% LTV for REI Company in March
Hello,
Opening a Real Estate Investing Company in January and we are looking for a lender able to allow us to put 10% down on a multi-family (2-4 units) and 25% down on a single family within the same time frame. Any recommendations or references.

Have you done any deals before?
- Jaken Finance Group
- 347-696-0192
- http://jakenfinancegroup.com


James,
You would call a multi-family when there is 5 or more units. 2-4 units is still considered a SFR from a conventional mortgage point of view. You could actually go FHA depending where the property is located and put 3.5% down with full documentation showing your last 2 year income. Also, to purchase a SFR 25% is not always necessary. There are many ways to structure a deal even from a hard money perspective. I hope this information can be helpful!
Lender
- 8003697009
- http://rcdcapital.com
- [email protected]

Quote from @Jason Taken:
Have you done any deals before?
Yes,
I own 7 properties currently.

Quote from @Steven Lee:
James,
You would call a multi-family when there is 5 or more units. 2-4 units is still considered a SFR from a conventional mortgage point of view. You could actually go FHA depending where the property is located and put 3.5% down with full documentation showing your last 2 year income. Also, to purchase a SFR 25% is not always necessary. There are many ways to structure a deal even from a hard money perspective. I hope this information can be helpful!
I don't know how they lend out in CA, but a 2–4 unit property is a multi-family just smaller. I'm buy and hold investor not concerned with mortgage points unless the competition is quoting an extremely better lending product. I'm not looking to FHA, need to pull on the equity within two years to scale.
I did further research, and it seems with the doom and gloom rhetoric about the soon to come real estate market is beginning to make lenders more cautious with lending, so the 10% down is not available without occupying the property. So, we'll be looking to most likely do 20-25% down conventional on a Multi-Family Property for the first acquisition.

Quote from @James Lanier:
Quote from @Steven Lee:
James,
You would call a multi-family when there is 5 or more units. 2-4 units is still considered a SFR from a conventional mortgage point of view. You could actually go FHA depending where the property is located and put 3.5% down with full documentation showing your last 2 year income. Also, to purchase a SFR 25% is not always necessary. There are many ways to structure a deal even from a hard money perspective. I hope this information can be helpful!
I don't know how they lend out in CA, but a 2–4 unit property is a multi-family just smaller. I'm buy and hold investor not concerned with mortgage points unless the competition is quoting an extremely better lending product. I'm not looking to FHA, need to pull on the equity within two years to scale.
I did further research, and it seems with the doom and gloom rhetoric about the soon to come real estate market is beginning to make lenders more cautious with lending, so the 10% down is not available without occupying the property. So, we'll be looking to most likely do 20-25% down conventional on a Multi-Family Property for the first acquisition.
James,
Are you planning to rehab the units at all?
Lender
- 8003697009
- http://rcdcapital.com
- [email protected]
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