5 Unit - Max Loan to Value - Posted by Corey

Posted by Patrick S. Lawson on May 24, 2006 at 10:00:23:

90% LTV

5 Unit - Max Loan to Value - Posted by Corey

Posted by Corey on May 23, 2006 at 09:54:33:

Looking for a lender. Price $115k, 5 Units - Rents $450 a piece, $2250 a month total. Want to finance as much as possible. What is the max a lender will do in this situation.

Re: 5 Unit - Max Loan to Value - Posted by Don Dion

Posted by Don Dion on June 04, 2006 at 10:30:13:

You will need to get the expenses and have someone like me run the debt service numbers for you before an ltv can be quoted. Gross rent numbers like you have posted are useful in residential only because of the way they are underwritten but in commercial the building must stand on it’s own.