Today, Banks are over protective! It is all about the risk involved on a loan. They want at least 50 to 70 percent of a building's units occupied by primary owners, no more than 20 percent investor-owned units, as well as strong financials, no outstanding litigation and a minimum of 10 or more units per building, which lessens the risk that one individual in default could drag an entire building into foreclosure.
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Pierre S. King, Associate Broker
Weichert - H .P. Greenfield
718 692-4444 Office
718 253-6853 Fax
917 407-6697 Cell
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I hope this answer has helped you.
If ratio is "off" lenders will decline where buyer can't purchase due ratio, prevents other properties owners lack of ability sale .
National Featured Realtor and Consultant, Mortgage Loan Officer, Credit Repair Lecturer
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