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Updated about 4 years ago,
80%LTV multifamily investmentx North Okanagan
Hello Team.
My wife and I have been looking at multifamily investment, weve come across a few 6 plus unit buildings with below market rents and good potential, however, we cannot get that sweet CMHC 85% LTV, low interest money as we do not have net worth beyond our cash money, can anyone point me in the direction of any lenders that would work at 80%LTV ? Otherwise we will have to keep hunting triplexes and fourplex, as the financing is easy and inexpensive but hard to find in our areas of choice (North Okanagan, Kamloops).
Any help or advice would be well appreciated!
Keith