I own a six apartment building and the loan on the property is being paid to Popular Community Bank.

anything more than 4 units will be considered a commercial loan, so you would need commercial financing.. that being said, www.scotsmanguide.com will be your best source for financing options. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Traditional mortgage are only eligible on 1-4 dwelling buildings. Properties with more than 4 units are considered commercial loans and banks do not want long maturities on their commercial property loans. Most properties won't cash flow for debt service with a fully amortized loan over a short period, so they usually write them with a longer amortization and a shorter maturity date or balloon date. I doubt you will find a lender willing to write even a 20 year term on a 6-plex. Odds are you are going to end up with at best a 15 year maturity. Look for a local community bank in your area as I suspect you will get the best options there. Good luck ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Certified by the National Association of Mortgage Professionals and Licensed in California and Arizona ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

For this kind of specialized program, I would suggest that you go to:http://www.scotsmanguide.com/default.asp?ID=1326 and put in the relevant information to find out if there is anyone there locally that can do this for you.

If the income from the property is not sufficient to qualify for the higher payments on a 10-year loan, consider a 10-year or 15-year balloon loan, and just increase your payments to the 120 months amortization amount.

Hi Francisco, the lender I work for has a commercial division that should be able to help you, but of course more information would be needed. Click on my name at left and send me an email so I can put you in touch with them. Thank you.

anything more than 4 units will be considered a commercial loan,

I do commerical loans .. please go to www.yourloanpartnerforlife.com linda my email is yourloanpartnerforlife@live.com