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Updated about 5 years ago,
Finding Financing for 5+ Unit Properties
I am a newbie real estate investor looking mostly at multi-family properties, most of which are 5+ units. I have found several that work really well numbers wise if I am able to find a 30 year loan. Most banks I have approached will only offer commercial loans limited to 20 year max amortization. Is there something that I am missing out on for better financing or is this what I should be expecting for larger multi-family deals? Any help from the BP world is greatly appreciated!