Published January 6, 2012
What criteria is needed to qualify for apartment financing on rehab deals?
First of all, if you are looking for an apartment loan on a multifamily property that needs substantial rehab, you need to have experience with multifamily construction/rehab and experience with repositioning apartment buildings. Repositioning means getting the property in good condition and getting it leased up to where market occupancy is at so you will be able to qualify for permanent multifamily financing. In almost all cases, you will have to acquire the property with a... Read More