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5 townhomes on 1 parcel built in 2002 1850 sq ft rents are $4100 monthly $400ask $300k borrow 121spruance rd dover,de 19901

by frank smith2 from Dover, Delaware. Mar 8th 2016 Reply


Jesse Stroup (jessestroup)
#4 ranked lender in Idaho - 593 contributions

Sounds like a great income property. What was the question?

Mar 8th 2016
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

That's a commercial property type.. and for financing, you would need to contact someone who does commercial. 75% loan to value might work for a few lenders but expect most to ask for a larger down payment.. Your best source for commercial financing is Scotsmanguide.com There, you can type in your loan scenario and get a list of lenders willing to do your loan.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Mar 8th 2016
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Lorne Harvey (lorneharvey)
#77 ranked lender in Washington - 439 contributions

Seek out a good business banker or commercial loan officer. Like Jesse says, it sounds like a good income producing property.

Mar 8th 2016
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Derick Condron (rightstartoregon)
#30 ranked lender in Oregon - 598 contributions

Over 4 units you will have to look at a commercial loan.

Mar 8th 2016
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Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

Not really sure what the question is, but anything over 4-units is a commercial loan.

Mar 8th 2016
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