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Updated over 5 years ago on . Most recent reply

User Stats

7
Posts
1
Votes
Alberto Murra
  • Rental Property Investor
  • Monterrey, N.L.
1
Votes |
7
Posts

Best banks or institutions for multi property loans?

Alberto Murra
  • Rental Property Investor
  • Monterrey, N.L.
Posted

What banks or institutions do you recommend for loans for multifamily properties (more than 4 units up to 50 units)?

Which are the least complicated to get the loan?

Most Popular Reply

User Stats

1,518
Posts
812
Votes
Hadar Orkibi
  • Rental Property Investor
  • USA / NZ
812
Votes |
1,518
Posts
Hadar Orkibi
  • Rental Property Investor
  • USA / NZ
Replied

@Alberto Murra it depends on the property size, price, condition, occupancy and many more factors.

Agency debt  Freddie and Fannie have strict criteria. Ie. minimum loan balance, occupancy, borrowers net worth and liquidity requirements etc etc. 

If you are starting out without knowledge, i suggest you talk to local banks and mortgage broker. 

Also consider obtaining some sort of education.... 

  • Hadar Orkibi
  • Loading replies...