5 unit financing in cleveland area ?

[Stipe Ba]

Found a small apartment 5 unit building around 350k. I know fha does not offer anything more than 4 units. Does anybody know any lenders that would do a 5 unit property?

[Jaysen Medhurst]

You will need a commercial mortgage for this property, @Stipe Ba. Most of your local banks and CUs will offer them. Expect to put 20-25% down. Terms will likely be either 20 or 25 years with rates in the mid 4s to mid 5s. The lender will also require you to have 6-12 months reserves. Many commercial mortgages explicitly forbid owner occupancy, if that was part of your plan.