They usually lend 80 to 95% LTV.

The way many buyers get to larger apartment buildings is by being GP in a syndication.  

Conventional lending has 2 reasons they want a borrowers loan to be ___% less than estimated market value.

Tried to go the traditional HELOC route and after almost 2 months of providing paperwork the lending scenario changed (due to rising rates) and they backed out. 

@Zehua Zhou usually, your 401k will lend funds to your LLC.In that case, you would give a PMC the LLC EIN.You really should get advice from a tax professional.

However, if you plan to rehab at all, you will then need a licensed contractor to provide bids on each project you plan to rehab.You will then be asked to provide a proof of any funds to close, purchase agreements, and if closing as an LLC - most times documentation on that LLC.Overall, the larger number of units (5+) makes the lending process based more off the property than the borrower, contrary to traditional single family housing.I would recommend you work with a Loan Originator/Broker who will be the medium for you to the lender/s.

And keep in mind there IS ways persons can lend that $100k via IRA's.

Right after that, your lending will change to commercial and they may not allow the personal lines policy forms.

Thanks Hi Erik,There are several private lending products available that can help with thepurchase of vacant land, depending on your situation.

Many lenders, both traditional banks and private/hard money lenders, like to see experience of at least several completed flips before lending.