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Updated almost 4 years ago,
Financing Apartment (10+ units)
I’m doing research into larger properties. I’m trying to find a good resource to see typical financing options for a larger complex ($1m or more) versus a single family or duplex ($300k in my area).
Are these typically a 20% down payment with payments on a 30 year schedule, or is it more common to find loan that is interest only for x years with a balloon payment at the end?