Funding for multi family in Los Angeles

[Dante Devine]

I am curious as to what type of funding people are using for multi family property in Los Angeles. It seems the cost for a property starting around $1mm in my area (El Segundo) are way above the limits for any FHA or Conventional mortgage. Is a Jumbo loan the only way to go, and if so, does anyone have any companies to recommend where I can put down the least amount for a down payment? Thanks in advance for any help.

[Stephanie Medellin]

For owner occupied properties or second homes, you can borrow up to 90%, with no MI, up to $2,500,000 loan amount. For investment properties 85% LTV is available up to a $1.5 loan amount. These are portfolio products.