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Updated over 2 years ago, 07/03/2022
Looking for 20% down multi family loan - does that still exist?
Hello fellow BPers,
I have two multi family new builds under contract in Texas and Florida. I didn't plan on buying two properties at the same time but the building schedules due to supply chain and permit issues (so I'm told) have put both project MANY months behind. Lenders I've spoken to said their minimum down payment for a multi family property is 25% but I'm hoping to find 20% down. Does that exist?
Thanks so much!