Posted on 16 April 2012
A multifamily loan is used to purchase a property that provides living space for more than one family. Condominium complexes or apartment buildings can also be purchased by investors and developers. Application process for approval of multifamily loans requires a lot of paper work, documentations and strict guidelines.
Tags: bank statements, borrowers, cause variations, commitment letter, conduits, doc programs, document requirements, inhabitants, living space, loan facility, mobile home parks, multifamily loan, multifamily loans, multifamily properties, performance appraisal, private entrance, private lenders, real estate investors, single family