Funding for an apartment building with 50+ units

[Richard Herrera]

Looking for a lender that will fund at least up to 90%LTV seller will carry the remaining. I would like to have a lender ready when I find the right property and make an offer, or if any of you have a better suggestion on how I can purchase an apartment building with no money down from my part. I will work the down payment deal with the seller.

[Bruce Downing]

Richard,
I have looked at many lenders and I don't know any that will provide 90% LTV. A few may go to 80% LTV but the deal would need to have a great financial picture in order to qualify for that. Not the answer you were looking for but just some info that may benefit you. I would look for an equity partner that you can JV with for your first deal so that you could look for 70-75% LTV in funding. I know lenders that will provide 70-75% LTV for multifamily properties. Good luck.
Bruce

[Richard Herrera]

Here is what I have I'm looking for a lender that will finance the purchase of a 52 units building in Kansas City. I have all the expense and monthly income. I'm also looking for a lender that will allow the seller to carry the down payment for me, the seller of this property is willing to carry 20% of the purchase price. The property is in a great location between both downtown Kansas City, Missouri and Independence, Missorui. Let me know if this can be done.

Thank you

[shane kailimai]

Are you still looking to secure financing for this commercial property?The group that I represent offers 100% commercial financing with down payment assistance.Your situation sounds like the perfect senario for this type of loan. Contact me: [e-mail].

[A.E. Ferguson]

Do you have atleast 1% down? My private lender will fund your deal 99% LTV but you must provide the 1% down -they want to see you with some type of skin in the game. If your interested give me a call or e-mail. Minimum 1M


Al
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404-397-5913