is 85% LTV possible for Multifamily purchase?

[Ruthber P.]

I am located in the far Chicago west suburbs and short on the 20% down for a 12 family.

Norm is to put 20% down but is anyone aware of a lender that will got with 15% or 12% down?

The 12 unit building is listed for 925K so before doing an offer and negotiating the price I will like to get pre-approved putting 12% or 15% down.

Any advice comments or info greatly appreciated.

[Syed Lateef]

A FHA loan must be on 1-4 units only. 12 unit property you would need commercial financing with 25% down