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Updated about 1 year ago on . Most recent reply

User Stats

14
Posts
8
Votes
Rafael Carvajal Jr
  • New to Real Estate
  • Philadelphia
8
Votes |
14
Posts

Strategy to Purchase a 9-Unit Building

Rafael Carvajal Jr
  • New to Real Estate
  • Philadelphia
Posted

Seeking advice on purchasing a 9-unit building! Interested in strategies, financing options, and any valuable insights from those experienced in real estate. Your input is greatly appreciated!

Most Popular Reply

User Stats

415
Posts
94
Votes
Logan Singleton
  • Lender
  • Boston, MA
94
Votes |
415
Posts
Logan Singleton
  • Lender
  • Boston, MA
Replied

Hi @Rafael Carvajal Jr, if the property is being delivered with tenants and stabilized for the most part, then a DSCR loan type would be the best bet on a property of this size. Your downpayment would be 25-30%, but if the property is being delivered vacant and needs some renovation, then a bridge these are 70-75% LTC with a 12-24 month I/O term.

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Fenway Funding Group
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