Help with creative commercial financing!

[Erik Sanders]

Hey all!

I have an interesting 5-plex that came across my desk.

Any advice from experienced multi-family investors on lenders who have any loan structures allowing a lower down payment say 5% with an owner occupant?

Really would like to lock this one down, but looking to put minimal cash into this one.

Even considering the thought of figuring out how to classify this as a 4-plex with an ADU, to qualify it within FHA requirements!

It has 4 - 2/1 units and a tiny 1/1 unit.  Thoughts from anyone with experience on that front welcome!

Thanks all!

Erik

[Kenny Manchester]

Originally posted by @Erik Sanders:

Kenny,

Sorry, I should have been more clear to start! I am looking at this for a house hack!

Are you familiar with any commercial terms that allow 5% on a commercial property?

I would definitely be open to a partnership, just haven't lined one up that I feel solid about just yet!

Thanks so much for your advice!

House Hacking sounds like an amazing plan. I do not know of any commercial loan lenders that will allow you to put down 5%. Realistically it will be 25%. If you are short on capitol we need to find you a way to make this happen. Is the deal amazing? 

If you found a 4-plex then you could utilize a 5% down loan.