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Updated almost 7 years ago,

User Stats

33
Posts
3
Votes
Frankie Lotrec
Pro Member
  • Investor
  • VA
3
Votes |
33
Posts

when is a home loan considered commercial?

Frankie Lotrec
Pro Member
  • Investor
  • VA
Posted

Hi, I'm new in the real estate world. I recently purchased a home in VA. It needs major rehab work and I'm considering applying for a construction loan. I'm converting it to 4 units possibly 5. The question I have is, when is a home considered commercial for loan purposes at 5 units?

Hope it's not too confusing ...

thanks 

francesca

  • Frankie Lotrec
  • Loading replies...