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Updated about 1 year ago on . Most recent reply
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Strategy to Purchase a 9-Unit Building
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!
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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.
- Logan Singleton
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- 978-944-5438
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Fenway Funding Group
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