The multi family apartments are the residence for several people who do not stay in their individual residences, instead they stay in the apartments which consist of more than one family. Interestingly there is not only more than one family but the multi family apartments consist of a number of families. The apartments are multi stored buildings and are constructed in both the rural and the urban areas. The construction and the construction of the multi family apartments are very costly job and it is not possible for a middle class family to buy the multi family apartments. Then which option is he or she (candidate who wishes to purchase a multi family apartment) left with. Then is the right time when he or she can actually ask for the multifamily apartment purchase loans from several places where these loans are available.

The multi family apartment purchase loans are categorized under the commercial property loans. The various places where you will find the multi family apartment purchase loans are many but to mention a few I would like to note down, commercial banks or private banks, insurance companies, private lenders or commercial lenders, pension funds and many more. The examples of multi family apartments are home parks and dwelling places which have more than two families or residences.

The Multifamily apartment purchase loans depend up on the type of apartment it is and the number of families that resides there. For example if the number of residences or families is more than the two then it is considered as medium sized multi family apartment and if the number of residences and families is more than four then it is considered as the large sized multi family apartment and the multi family apartment purchase loans depend on the size of the apartment