NO Tax return financing for Multifamily

[Adam Zbiciak]

Hello- 

Does anyone know who can loan on an 11 unit multifamily in Michigan and meet the following criteria

-65-70% LTV(650-700K Loan)

-NO tax returns required 

-Sub 9% rate

-At least 5 year term. But prefer longer

Virtually any bank or CU I know requires tax returns. All the private options are in the high 9's or 10's and a bridge loan is too short. 

Thank you!

[Erik Estrada]

Quote from @Adam Zbiciak:

Hello- 

Does anyone know who can loan on an 11 unit multifamily in Michigan and meet the following criteria

-65-70% LTV(650-700K Loan)

-NO tax returns required 

-Sub 9% rate

-At least 5 year term. But prefer longer

Virtually any bank or CU I know requires tax returns. All the private options are in the high 9's or 10's and a bridge loan is too short. 

Thank you!

 11 Unit commercial loan is at least going to be in the high 10s with no tax returns... 30 years fixed