Posted by George on March 24, 2006 at 18:25:17:
Yes you can through “creative” financing. e-mail me off line. George cashflowengineer@sbcglobal.net
Trying to Buy Larger Multi Units - Posted by Greg
Posted by Greg on March 21, 2006 at 13:46:59:
I would like to know if it’s really possible to do 100% financing on the larger multi-units, 100+ units with a mortgage broker.
My credit score is 695.
I realize the good complexes are in the 2M-5M range.
I have been told I need 20% or more for down payment.
I have also been told that 100% can be done with a no-doc type loan.
Anybody shed some light on this?
Thanks.
Re: Trying to Buy Larger Multi Units - Posted by Ingo Zink
Posted by Ingo Zink on April 17, 2006 at 18:25:24:
With some creative financing we can have the apperance of 100% LTV. I would however need some more information.
Give me a Call at (541) 269-0710 9:00am - 3:00pm PST
Re: Trying to Buy Larger Multi Units - Posted by zach
Posted by zach on March 21, 2006 at 21:27:28:
Best your going to do is 5% down. Feel free to contact me for more details…
Re: Trying to Buy Larger Multi Units - Posted by Josh Geyser
Posted by Josh Geyser on March 21, 2006 at 16:05:31:
Greg, I am not sure of anybody that is willig to go to 100% on such a large property no matter what kind of doc type you select. I do not doubt that there are hard money lenders out there willing to offer supplementary financing for you to get to 100%, though I do not think I could stomach the thought of how high such a rate would be.
I do know of MF programs with loan amounts up to $5,000,000 which allow for the seller (and in limited situations a gift) to contribute up to 10% of the required 20% down payment for such properties. If you have quesitons on this call me and I can point you in the proper direction.
1-866-369-5168
Re: Trying to Buy Larger Multi Units - Posted by Rashad
Posted by Rashad on April 05, 2006 at 12:55:19:
Awesome information
Re: Trying to Buy Larger Multi Units - Posted by Mike
Posted by Mike on March 24, 2006 at 09:57:27:
There is a mortgage brokerage in Pittsburgh that will do 100% Stated but you have to owner occupy at least 25% of the building. If non owner occuppied the best they can do is 90% LTV.