Oct
29
Can you obtain fixed rate loans for multifamily apartment complex purchases over 4 units?
Filed Under Renting & Real Estate
John B asked:
I heard that once you go over 4 units, the loan is considered a commercial loan and banks require adjustable rate mortgages and possibly more money down. Any input appreciated.
RICKEY
I heard that once you go over 4 units, the loan is considered a commercial loan and banks require adjustable rate mortgages and possibly more money down. Any input appreciated.
RICKEY