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Updated about 18 years ago,
Muliti SFH purchase
I have purchased 3 rental units and one SFH for rehabbing using a small local bank for those loans. I am not looking at a group of small rental houses, 14 of them, for possible purchase. The bank I have been working with is not interested in this loan. The asking purchase price is 400K for all 14 houses. I am sure there is some room for negotiation. What type loan should I be looking for and what are the typical (if there is such a thing) fees involoved? I am very familiar with residential just need to know what to expect with a commercial loan. Thanks!