Financing Residential Multifamily Properties in Phoenix.

By sonoran • January 26th, 2009

Financing multifamily properties has been and is difficult but it can be done. It’s hard enough to get people qualified for owner occupied home loans. Part of the reason for is multifamily or any investment real estate for that matter is riskier for the lender. If you have to make a choice on skipping payments or maintenance its usually not going to be on your home: it will be the investment property that takes the hit. There are quite a few restriction on financing like no more then 4 properties owned by the buyers including the properties being purchased: higher assets, reserves, and down-payments are required.

While there are some properties out there that are cash flow cows with proper management and other properties that cash flow and require less intensive management its not easy to purchase them so be aware when you start looking.

Please speak with a lender about your ability to obtain financing. Unless you have cash the financing portion will be of greater importance then the property itself. There are quiet a few sources for loans. A good start is with the bank with which you have a relation ship. If they don’t have loans available for you the we can provide you with several lenders with whom you may speak.

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