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Updated almost 2 years ago,
Tips on Securing a loan for Multi-family / Apartment building
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!