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Updated over 2 years ago on . Most recent reply

User Stats

239
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47
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Ron Singh
  • CA
47
Votes |
239
Posts

mortgage on commercial apartment building

Ron Singh
  • CA
Posted

whats best way to buy larger apartment complex (50+ units)

- is 25% down standard ? is it same for 1031 exchange scenario?

- how to shop for lender / best possible rate / no pre payment penalty etc

Most Popular Reply

User Stats

739
Posts
410
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Andrew Garcia
  • Lender
  • Charlotte, NC
410
Votes |
739
Posts
Andrew Garcia
  • Lender
  • Charlotte, NC
Replied

Hi @Ron Singh, I would contact a commercial mortgage broker. They have access to a variety of products (agency, CMBS, banks, CUs, etc.)

It is not my lane so I won't speak on it too much.

I know a great one in CA. Feel free to shoot me a message and I will give you his contact info.

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