Posted on: 09th Dec, 2010 05:51 pm
Are there any lenders that will finance a multi family deal under 500K that is cash flowing from day one?
Thanks,
Ryan Hamaker
Thanks,
Ryan Hamaker
Hi rhmkr!
Welcome to forums!
It will be completely the lender's discretion whether or not he will help you in getting a mortgage for a multi-family deal. You should have a word with the local lenders in this regard.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
It will be completely the lender's discretion whether or not he will help you in getting a mortgage for a multi-family deal. You should have a word with the local lenders in this regard.
Feel free to ask if you've further queries.
Sussane
What I've found is that lenders either will or will not finance multi family properties under 500K. They will typically tell you upfront if their specifications will allow that kind of transaction or not. What I need are the names and contact info for specific lenders who are willing to finance a multi family property that is 500K or less.