Should definitely ease things up switching over to conventional.

Emma Kellenberger You need 15% down payment for 1 unit and 25% for 2-4 units under conventional loan or investment property. 

@Michael Doherty we've used conventional loans for all our properties so far.

Most conventional Refinance Lenders will require 6 to 12 months seasoning prior to Refinancing.4.  

Similarly I see some CRE lenders throwing money around again topped by dried up inventory and too many new, overpriced A-class developments going up just to create the perfect storm all over again - this time in the CRE space.

@Brent Coombs I will concede that this is tough on your first project but I absolutely can get these terms from private lenders and refinance after six months into a conventional loan based on 75% ltv as appraised after the renovations.

Seller carries a note similar to a conventional loan ( x% down payment, y% interest rate, 15/30 year mortgage) 2.

I think the approaches above have ruled out any kind of conventional mortgage, so I'm left with commercial loans/private lenders.

The problem is once you own more than 10% of the building conventional lenders have an issue lending in the building so the board and existing shareholders will have a problem selling/refinancing their loans.

If you finance conventionally, like your own house, you can qualify for higher leverage loans.