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Updated over 1 year ago on . Most recent reply

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26
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6
Votes
Arijit De
6
Votes |
26
Posts

Looking for 16-unit financing in Mississippi

Arijit De
Posted

I have 16-unit apartment building in Mississippi (8-units in each building). Both of these buildings are in the same parcel. I purchased this property with hard money lending to close the transaction 2 weeks back. Now I am looking to use loan programs for financing this. When I am reaching out to few lenders, either I am hearing that long term rental loan isn't there for > 8-10 units OR can't do the loan because the loan amount is lesser. So I am kind of stuck with what financing options do I have that should help with this scenario.

Any thoughts, connections or suggestions of what loan programs can be availed or how to go about it, would be appreciated.

Looking for

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