Unfortunately a 203K loan is limited to a 1-4 family residence. So unless you are looking to convert this through the renovations to a 4 family, a 203K won't work. If your intention is to keep this a 6 family building, then you would have to get a commercial mortgage, all residential mortgages are limited to a maximum of 4 units. If you have sufficient equity in the property then I would suggest getting an commercial equity line for the repairs or renovations. Contact me directly if you need more information on either program.
Lenders, Coney Island Capital Group, or Approved Funding Mortgage Bankers may consider it.
Ask for Jacob