In December 2004, a fire destroyed three townhouses and damaged a fourth in Lorton, Va., just south of the nation’s capital. Investigators later determined that faulty wiring had sparked the blaze. Raul Castillo, a spokesman for the Fairfax County Fire and Rescue Department, said that fire marshals digging through the rubble uncovered an anomaly in the internal wiring at the…
Tag: Multi-Family
What Are Multi Family Loans
Multi-family loans can be acquired through mortgage brokers and directly through a variety of financial lending companies. A multi-family loan is designed for the purchase or refinancing of multi-family properties. A multi-family property is defined as one in which five or more dwelling units exist and no more than 20 percent of the net rentable area is rented to or…