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Updated over 2 years ago on . Most recent reply
Financing a 12-Plex Apartment
So I have a new business a 2 properties in it. I found a 12-plex apartment complex that is pretty nice and I want to make an offer on it that would get me 6% ROI.
My problem is that I don't have the cash on hand for 20% down for a commercial loan. Could I use mortgage insurance to help me convince a lender to let me put down lower than 20%?
Most Popular Reply
Quote from @Benjamin Pifher:
So I have a new business a 2 properties in it. I found a 12-plex apartment complex that is pretty nice and I want to make an offer on it that would get me 6% ROI.
My problem is that I don't have the cash on hand for 20% down for a commercial loan. Could I use mortgage insurance to help me convince a lender to let me put down lower than 20%?