What type of loan should II I get for a 4plex?
I am buying a 4plex with 3 residential units and a store front. Should I apply for a residential loan or commercial loan since one unit is commercial? This is my first time to invest and I want to get the best loan option out there to get the ball rolling on my REI business. by edvance528 from Alameda, California. Jun 22nd 2022
Bert Carpenter (BertCarpenter)
#36 ranked lender in Arizona - 2,431 contributions
This would be a mixed-use property. You should look for a Mortgage Broker with access to commercial and non-conforming lenders that will accommodate such a property. Feel free to reach out. Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Certified Mortgage Advisor and Certified by The National Association of Mortgage Professionals as a Certified Veterans Lending Specialist.NEXA is licensed in all states except MA and NY so give us a call. ~ www.ApplyYes.com 480-889-9000 - OR - 480-695-9300.
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