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Updated about 4 years ago on . Most recent reply

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Andy Kam
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Mixed use property or 4-6 unit Property?

Andy Kam
Posted

Happy New Year All. Im relocating to NYC after I sell my business (hopefully within 3-6 months) .   Does anyone know how i can get a loan for mixed-use property or a 4-6 unit residential property? Will these considered commercial loans? If so are the requirements similar to residential loan (up to 4 units)?  I cant decide which type is worth the investment. I plan on selling my business so I wont have any stream of income but willing to put a larger down payment.  So should I buy a property before selling my business? 

Many Thanks,

Andy

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