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Updated about 7 years ago on . Most recent reply

User Stats

88
Posts
29
Votes
Matt Moldenhauer
  • Investor
  • Springfield, MO
29
Votes |
88
Posts

Multiple Unit Loan Structure?

Matt Moldenhauer
  • Investor
  • Springfield, MO
Posted

Up until now all of our buy and holds have been financed with 20% down Fannie loans. I'm looking at an off market deal where i have the potential to buy seven single unit properties. Let's say the sell price is $425,000. What kind of in-house loan can i expect? Ex, 10% down at 6% for 20 years? This whole deal is still in the beginning stages so i'd like to get a little more info before i approach the banks. Thanks!

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