Posted by Patrick S. Lawson on August 11, 2006 at 23:55:55:
You can get 90% LTV towards the purchase price. You will have a more difficult time finding a lender to fund purchase and rehab.
Best LTV on 2m apartment complex - Posted by Alden
Posted by Alden on August 11, 2006 at 22:58:19:
Anybody know of a lender that’ll do above 80% ltv on an apartment building. It’s currently occupied and I’ll be converting them to condos. have 400k, but need some for rehab.
Re: Best LTV on 2m apartment complex - Posted by zach
Posted by zach on August 14, 2006 at 24:52:35:
A loan structure based on loan to cost would work best here…
Re: Best LTV on 2m apartment complex - Posted by Dee
Posted by Dee on August 13, 2006 at 01:32:18:
We have a lender that will do a non-recourse loan, with only 5% equity in the property, close within 30=45 days, with a libor rate plus 1, with terms for 10 or 15 years.
Send contact information if you want more information.