Buying an 8 unit apartment building. How much down do I need? Can you help me with financing?

[Tina Hastings]

I would like to purchase a small 8 unit apartment building. Cost will be $1.09 Million. I have good credit and 2 rental properties right now. I would prefer to avoid hard money if possible because I plan on keeping this one long term.

Can you help me?

Tina

[Tina Hastings]

Hello Simmy.

I completed this purchase just a couple months after making this post. That was about 2 years ago. I was able to finance with 20% down. The owner of this website did my loan for me and asked that I keep this post up so people can see what is possible. Thank you for the reply.

[WKL David]

Hi there :

Visit our US official company website below and apply online directly for your related funding request:

https://davidallencapital.com/?refcode=102714544

David Lee

https://davidallencapital.com/?refcode=102714544

https://davidwkleeglobalfunding.com

[WKL David]

USA DAC David Allen Capital Inc. Fund Your Growth Ideas
Fast Funding Solutions, Designed To Help Your Business Grow!
Funds for Businesses of All Sizes! Funding from $500 to $2 Million!

Funds for Businesses of All Sizes! Funding from $500 to $2 Million!

[jim flynn]

See  if this works for you. MULTIFAMILY BRIDGE PROPERTY TYPE: Small Balance Multifamily Residential (5+ units) LOAN: $500,000 - $5,000,000 TYPES: Interest Only | Fixed/ Adjustable Rate Mortgage options TERM LENGTH: Up to 24 months + Two 6-month extensions MIN GUARANTOR FICO: Mid-Score of 680 MAX LTC: Purchase Loans: 75% of Purchase/As-is Value + 100% of Rehab Costs Refinance Loans: 65% of As-is Value + 100% of Rehab Costs Cash out Refinance Loans: Subject to LTV guidelines based on mid FICO score MAX LOAN TO STABILIZED VALUE: Purchase/Rate-Term Refinance: 70% Cash out Refinance: 65% RECOURSE: Loans ≤ $2MM: Full Recourse Loans > $2MM: Full Recourse or Limited Recourse with bad-boy carveouts Completion Guaranty/Reserve Replenishment Guaranty when applicable