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Apartment building financing requires a loan that is essentially a hybrid. building loan can far exceed the average mortgage loan, a high interest rate will cost.
Apartment building loans are a lot like other residential real estate financing. It all starts with a property, borrower and lender, and it all ends, if all "When the loan matures, the rate is probably going to change," Kreutz says. "It could be fixed for three or five years and then adjust at some point.
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How to Buy an Apartment Building (with Pictures) – wikiHow – · A building that is occupied will be easier to finance, so check to make sure how many units have a tenant. Also consider the size of the building. A loan for an apartment building with one to four units will not be much different than a loan for buying a house.