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Updated over 6 years ago,
Apt complex 26 unit financing
Looking at a 26 unit complex.
Price $650,000
Got an email from the brokers finance guy
He said
-70-75LTC
-5twar with 25 year am
-indicative pricing in the lower to mid 6’s(depending on the sponsors strength)
I am about to heloc my home to get the 20-25% down.
Any advice on a commercial lender? Don’t really want to use the broker
This is our 1st apt complex deal