Where best to shop for real estate investment loan?

Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
Post Reply
reallyconfused
Posts: 55
Joined: Thu Dec 11, 2008 2:13 am

Where best to shop for real estate investment loan?

Post by reallyconfused » Sat Jun 09, 2012 9:00 pm

My siblings, parents and I are thinking of buying a 10 unit apartment building. I've checked the normal places like amerisave and national mortgage alliance and they don't seem too keen on lending for an apartment building. Does anyone have any suggestions? What would the interest rates be for a 30 year (or 15 year) loan on about 750k? What is normally required for a LTV? Any legal concerns if we each own 2 of the units? Would we just divide the profits and taxes accordingly?

Thanks,
RC

Post Reply