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Updated over 4 years ago,
Financing for a 5 unit building
Hi Everyone
I am looking at a 5 unit building in an excellent market with very good rents. I have two other properties that I financed via a standard loan but I believe for something like this it would be a commercial loan, correct? Also, are the down payment requirements the same at 25% or do some lenders allow for a lower down payment? Any help or advise is appreciated.