Yes, generally has to be a commercial loan - most of us here are residential lenders and limited to 1-4 family homes.
Anything greater than 4 units is considered commercial. You would need a commercial lender. Typically, you will need a larger down payment, and expect the rates to be a little higher as well. Scotsmanguide.com is a good source to find lenders willing to do your property. 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. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347
Anything over four units is a commercial loan. There is no set guidelines in commercial loans like there is in residential.
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