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Updated over 2 years ago, 08/30/2022

Brett Sommerfeld's profile image
Brett Sommerfeld's profile image
Brett Sommerfeld
  • from Stevens Point, Wisconsin
  • Member since Jan 8, 2017
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Brett Sommerfeld's profile image
Brett Sommerfeld's profile image
Brett Sommerfeld
  • from Stevens Point, Wisconsin
  • Member since Jan 8, 2017
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Brett Sommerfeld
  • Stevens Point, WI
1
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7
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Starting Out

Second mortgage for commercial loan

Brett Sommerfeld
  • Stevens Point, WI
Posted

Hello BP members,

I am looking to purchase a 3-4 unit multifamily in the Eau Claire, WI area. I am considering using a commercial loan to finance. Is there such thing as a piggy back loan or second mortgage in this situation? Both loans would be commercial and this would be combined with my down payment. And suggestions on how feasible this is or what a loan structure would look like are appreciated. 

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