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Updated almost 4 years ago,

User Stats

2
Posts
1
Votes
Frank Ambrosino
  • New to Real Estate
  • Staten Island, NY
1
Votes |
2
Posts

Obtaining loan for Multifamily property

Frank Ambrosino
  • New to Real Estate
  • Staten Island, NY
Posted

Hello everyone. My partners and I have recently started a new company to invest in real estate. At the moment we are looking to buy a multi-family property/apartment building; here is the issue. Being that our company is new I do not believe that our company has established a credit line to be able to obtain a loan through the business. We cannot take out a personal loan at the moment either do to current refinancing on our own homes amongst other endeavors. We do have the capital in the business account to show that we are capable of putting down a down payment and pay off the mortgage even though we will have tenants that will be doing that for us. Can anyone please help us on how could obtain a loan or capital to buy the buildings. Any and all input will be greatly appreciated. Thank you!

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