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Updated over 8 years ago,
How to be creative for multi family housing
Hello! Newbie here. I'm looking at a listing for a 46 unit multi family property with NOI of $252,500/year. Asking is $4M. Is there has to be a way to financé $4M for about $200-$225k/yr (in other words, near zero down) leaving about $25k cash flow? Called local commercial lender and they have so many onerous conditions that it's virtually possible to cash flow. Thanks