Large Multifamily (LMF)
Investor Term:
LMF
Definition:
A large multifamily property is a residential property that contains more than ten units. These properties can be apartment buildings or condominium complexes. Large multifamily properties are typically found in urban and suburban areas and can be good investments.
EXAMPLE
For example, large multifamily buildings are characterized as ten units or more. Large apartment buildings or complexes are considered large multifamily.