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Updated almost 2 years ago on . Most recent reply

User Stats

13
Posts
4
Votes
James Atkinson
  • Realtor
  • Tulsa, OK
4
Votes |
13
Posts

Tips on Securing a loan for Multi-family / Apartment building

James Atkinson
  • Realtor
  • Tulsa, OK
Posted

Hello, I'm looking for advice on securing a loan for a multi-family property. I have great credit and a reasonable cash reserve, but not quite enough for 20-25 percent down so I will need to mix in some creative financing options such as a second position mortgage or partial seller financing.

Outside of good credit and a detailed project summary on the property, what can I do to build credibility with a lender and secure more favorable terms on a loan? 

Any advice is appreciated. Thanks! 

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