All Forum Posts by: Kelly Ikpeama

also what are the terms in your lender’s conventional 

what type of credit score does your lender require 

Hello BP community. Getting financing is one of the biggest challenges new investors face. I am noticing that most lending companies will only lend on 4 units and not 5 nuits or larger. Anything greater  than 4 units is considered commercial. I’ve been looking at some 4 unit / 4plex and want to get funding from a private lender for 5 %. I know this is higher. Credit score around 620..I don’t want to wait for 6 months to a year to build up the credit..will take about a year plus or two to save up 20 to 25% for 4 unit or 4plex..any suggestions will help.