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Updated over 5 years ago on . Most recent reply

User Stats

188
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228
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Ryan D.
  • Rental Property Investor
  • San Jose, CA
228
Votes |
188
Posts

How would you fund the debt on this deal?

Ryan D.
  • Rental Property Investor
  • San Jose, CA
Posted

I've got an opportunity to buy eight 4-plex buildings (all in the same development, but not right next to each-other) for ~$2.1M. I've talked to commercial lenders and they wont do it. Its time consuming and messy to do it with 8 conventional loans. Is there a middle space here? Are there lenders/loans that will cover multiple residential-multifamily buildings in the same development? 

Most Popular Reply

User Stats

104
Posts
48
Votes
Jeremy Holcomb
  • Rental Property Investor
  • Somewhere
48
Votes |
104
Posts
Jeremy Holcomb
  • Rental Property Investor
  • Somewhere
Replied

You could use a hml or a bridge loan and then refinance into a portfolio loan. 

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