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colum

We are a company from Europe and we have the chance to buy a Multi Family Property in Indiana with 32 units (93% Leased today). The LP is only $575k, the Tax Apraisal is over $700k.
Possible CAP Rate of 12-13%, the Property has high Property Management costs, we can lower these costs extremely.
We give more informations, if you send us a PM.
We search for a Bridge (2-3 years Balloon) or a normal 20 years Mortgage. We dont have a FICO Store, but it´s a very good Deal for both sides.
Here is someone who can accomplish this?
We await your PM, but please, a non-refundable upfront fee (just like RFG / AZ) are not in our sense.
Thanks for your efforts.

savior70 · Posted: Thu Jun 25, 2009 5:26 am Post subject:

Hi

There are lenders who offer multi family mortgages to borrowers willing to purchase multi family properties. You will be required to make a considerable amount of down payment and you also need to have good credit scores. Since you do not have any credit score, it will difficult for the lenders to determine your creditworthiness. You can get in touch with the local lenders in Indiana to know if you can qualify for a mulit family mortgage without FICO score. Alternatively, you can go for a no obligation free mortgage quote with the lendrs in this community. They will assess your financial situation, LTV and DTI ratio etc. If you qualify as per their eligibility criteria, they will get in touch with you and offer you free mortgage quotes.

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