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Do you know which Bank or financial institution is lending for 5+ units these days? thx. Mike S,

Do you know which Bank or financial institution is lending for 5+ units these days? thx. Mike S,
  • March 12 2012 - Corona
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Answers (3)

A easy rule here is 4 units and below  = residential lender. 5 units and above  = commerical lender. Both are worlds apart form each other. If you choose the commerical lender, make sure the apartments are occupied, gross rents out way expenses and the DCR is at least 1.25%

  • March 13 2012
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Our bank offers multi-unit property financing, what state is the property in?  We'd love to help :-)
  • March 13 2012
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5+ units is a commercial mortgage. most banks have them. You can also ask around for a local mortgage broker that may deal with them as well.
  • March 13 2012
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