Multifamily commercial lending is completely different than residential lending. Multifamily commercial lenders come in all shapes and sizes, and learning how multifamily loans are structured will open up new opportunities. Before you begin to invest in multifamily properties, it is important that you understand that residential and commercial lending are different specialties, each with their own unique complexities.
Understanding the differences
Multifamily lending has a lot more factors and questions to consider during the prequalification, and additional parties are involved. Those include attorneys, accountants, and property managers. Whereas, residential