What is the property age beyond whic banks/private funds won't typlically lend for?

[Javier Osuna]

Hi all! I found this 34 unit property listed for sale but built in 1907. Instinct tells me that most banks or investors might scuff at the idea of lending toward the purchase of such a property, because of all the potential problems associated with an aging property.

This brings about the following question: What year-built number would a seasoned investor look at as the minimum number they would entertain when shopping for an investment property, so as to maintain a high likely-hood that the bank will lend?  Thanks!

[Melanie P.]

We have buildings built in the 1800s. It's not the age of the building that's an issue, but the markets might not attract great attention from large lenders. Local community banks and credit unions understand the market and loans on these properties are their bread and butter.