HUD Ltv

[Ron Steele]

Most lenders I'm seeing are offering 80% LTV for for multifamily financing. I have a property that will appraise for about 1.8 million and I can buy from bank at 1.3 million.

Will the ltv be used or will they apply the ltc of the 1.3 million. If I bought the property at 1.3 million and they made me put the 20% down ali would have instant equity to refinance after whatever seasoning period of the particular lender correct? Would any lender allow 80% ltv in this situation giving me credit for buying with equity thus lowering the down payment required?

Never had a chance to buy with this much instant equity before. 

Thanks