Need 90-95% Financing For a 5-plex

Im a mrtg broker and need 90% cltv financing for a 5-plex, @ 250,000 who knows where i can find a lender?



Help oh oh [ Edited by T_Gagnon on Date 06/10/2003 ]

Comments(1)

  • Vern27th June, 2003

    Hello T,

    It is going to be a battle locating such a deal. Once you go above 4 uints you can no long use a private mortgage company to finance the deal. You have to use a commerical banker in order to secure the funding. Most commerical lenders limit their loans to around 75% LTV, if you get a loan officer that is creative then they may allow you to no-doc the remainer of the loan money. This way you can get the seller to carry back a second. Happy investing

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