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Updated almost 8 years ago,

User Stats

12
Posts
11
Votes
Ruthber P.
  • Real Estate Investor
  • Belvidere, IL
11
Votes |
12
Posts

is 85% LTV possible for Multifamily purchase?

Ruthber P.
  • Real Estate Investor
  • Belvidere, IL
Posted

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.

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