Multi-Family Housing, 5+ Units:
We fund residential structures that include 5 or more dwelling units in the same building. Generally, these are multi-story residential buildings containing apartments for rent. It is a structure with individual apartment units but a common entrance and hallway. Properties containing two or more buildings on one lot with 5+ units also qualify.
Properties must have positive cash flow with debt service of 1.2X.
Required Documentation for Submission:
Jeffrey Lustbader
Tel (561) 488-4830
Cell / Text: (561) 289-9892
jeff@commercialmortgagecity.com