Seller financing on 3-8 unit Multi-family in Manhattan (Harlem)

I am looking at several multi-family properties that offer seller financing. Question: if seller will carry a 20-30% second will any companies finance to 100% LTV. Have bought many single family but havent bought multi-family. Any advice or things to watch when purchasing something in Harlem area? Any feel for market conditions/rental.
In Buying Property - Asked by jack l. - Sep 21, 2009
Report Abuse
Answer this Question

Answer(s)

Joshua S.
Broker/Agent
New York, NY

The answer is NO. Tha banks want to see cash equity in this market. I am very active in financing NYC multifamily. Please give me a call.
Josh Schwab
212-244-4242

Oct 16, 2009
Report Abuse

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question