Financing in 01915 : Real Estate Advice

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Andrew Adams,  in 01915
Andrew Adams answered:
Are there any financing options for a 10 unit apartment building in Massachusetts if I am targeting 10% down on purchase price? Local banks require 25
You will be hard pressed to find a commercial loan with just 10% down. Anything above 4 units is considered commercial lending.
0 votes Share Flag Fri Jun 24, 2011 Financing in Beverly
Sherri Way, Real Estate Pro in Framingham, MA
Sherri Way answered:
What is a 203K loan? It appears to be some sort of rehab loan? What is needed to qualify? How much can you request? How do you do apply?
This is an FHA program which a buyer would use if the property they are purchasing needs work prior to moving in. FHA loans require that the house be in move-in condition to qualify. ... more
0 votes Share Flag Sat Nov 2, 2013 Financing in 01915
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