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Updated over 7 years ago,
Advice on Freddie Mac multi family small balance loan
I want to start out and say i have never acquired a multi family property but I am eager to purchase my first multi family property. At this time I own a mixed use property, duplexes and single family homes. After many hours of research and looking into financing options I found a lender (Crefcoa) that underwrites Freddie Mac multifamily loans. The goal is to find multi family property which I can purchase with 20% down .
http://www.crefcoa.com/freddie-mac-small-apartment-loan-program.html
Freddie Mac has a small multi family loan which sounds promising and 30% is not required.
Has anyone used this type of loan and if so what were your expierences like?