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Updated almost 8 years ago,
Non recourse apartment financing for small balance
I'm curious if anyone has any luck finding non-recourse financing for an apartment loan around $600,000. This is below the threshold for Fannie Mae small balance loan (minimum $750,000). We realize rates may be a bit higher than market but do not want hard money rates of 10% or greater. Is there anyone that might know of something? Thanks in advance!