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Updated about 3 years ago on . Most recent reply

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George Nicely
3
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4
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Financing Multiple Small Multifamily

George Nicely
Posted

I'm looking at deal in Kansas that's a little unique.  The property consists of two quadplexes and a triplex on one parcel of land.  Currently working with the local city to get the parcel broken up into 3 separate properties but there's pushback. Does anyone know of a way to finance the deal as three separate small multifamily deals rather than all 11 doors at once?  Or flexible lenders that will look past the single parcel hiccup and lend on the 3 buildings?  Over 4 doors I'm getting pushed to commercial lending which is ok, but I'd prefer to leverage low fixed rates and 30 year AM associated with the residential units. Thanks in advance.

Most Popular Reply

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63
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52
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Cody Petersen
  • Real Estate Agent
  • Kansas City
52
Votes |
63
Posts
Cody Petersen
  • Real Estate Agent
  • Kansas City
Replied

https://www.icpkc.com/commerci...

Check that link out. I've never used this company. However, I am speaking with him on Thursday about a fix and flip loan. 

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