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Updated over 11 years ago on . Most recent reply

Allison B.'s profile image
Allison B.'s profile image
Allison B.
  • from New York City, New York
  • Member since Jan 16, 2014
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Allison B.'s profile image
Allison B.'s profile image
Allison B.
  • from New York City, New York
  • Member since Jan 16, 2014
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Allison B.
  • New York City, NY
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Multi-Family and Apartment Investing

Commercial Loan using equity 3 family home

Allison B.
  • New York City, NY
Posted

We own a 3 family investment property and currently have an LTV of 10%. We would love to use the equity in that home to buy another investment property, but have been told that banks won't give us a jumbo loan because there are too few units. Is there a way around this or a different type of lender we need to go to?

Thanks!

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