Hello,
I just wanted to let everyone in on a new loan program I came across for 5+ unit multifamily commercial deals. Usually, most lenders will max out at 80% LTV on the multifamily deals, but I have found a lender that will do a 90% LTV loan and will also allow a seller �carryback� up to 95% CLTV. So technically you could get into a 20 unit apartment building for only 5% down. Did I mention I also have private funds available for that remaining 5%. There are some conditions the property would have to meet to be able to make everything work, but they are easily possible w/ the right deal. Oh, and for the 90% LTV, you need at least a 680 score and the property is expected to cash-flow. Anyway, if anyone has any questions, please feel free to ask away. Thanks.
Jon Book
Landmark Financial, Inc.
Office: 630-823-4842
Fax: 630-823-4843
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