Does the SBA offer loans for non owner occupied ommercial multi-family projects?
What route can a novice syndicator take for fund raising?
Currently the SBA is just for owner-occupied real estate because the program is there to benefit the businesses who don’t have traditional access to financing. There are plenty of investment loan opportunities available, however, for the type of project you’re considering. I would start with a traditional bank. If you’re a strong borrower and have a great potential real estate acquisition then your local bank may be thrilled to do the transaction.
You can also look into online lenders, who will likely be a bit more expensive in terms of interest rates, or there are specialty lenders wanting to lend to you for an entire portfolio of rental properties (if you plan on growing). You can learn more by reading our article on the best investment property loans for rental properties. Good luck!
You must be logged in to reply to this topic.
Not signed in?
Sign in to participate on our website!
315 Madison Avenue, 24th Floor
New York, NY 10017
Disclaimer: We spend hours researching and writing our articles and strive to provide accurate, up-to-date content. However, our research is meant to aid your own, and we are not acting as licensed professionals. We recommend that you consult with your own lawyer, accountant, or other licensed professional for relevant business decisions. Click here to see our full disclaimer.
Product or company names, logos, and trademarks referred to on this site belong to their respective owners.