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Updated about 5 years ago on . Most recent reply

Keith Cox's profile image
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Keith Cox
  • Rental Property Investor
  • from Okanagan, British Columbia
  • Member since Nov 4, 2019
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Keith Cox
  • Rental Property Investor
  • from Okanagan, British Columbia
  • Member since Nov 4, 2019
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Keith Cox
  • Rental Property Investor
  • Okanagan, British Columbia
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British Columbia Real Estate Forum

5 unit multi family financing

Keith Cox
  • Rental Property Investor
  • Okanagan, British Columbia
Posted

Hello everyone .

I am struggling to avoid a commercial loan, my local broker is not having any luck with a residential loan (he has 2 lenders that are still looking) on a 5plex and the fees are so that a commercial loan looks unprofitable, however, there is much room for optimization of the income with this particular complex. Any suggestions or has anyone come across this situation? 

Any help is appreciated.

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Ned Carey
  • Investor
  • Baltimore, MD
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Ned Carey
  • Investor
  • Baltimore, MD
ModeratorReplied

@Keith Cox you are wasting your time and the time of the broker. It is a commercial loan.

If a commercial loan makes the deal look unprofitable, that is because it is a bad deal. Walk away. 

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