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Updated over 2 years ago,
Interested in purchasing real estate; not sure what loan type
I wasn’t 100% sure which forum to post this question in so I figured I’d give this one a try. I’m currently interested in a property that I found in my area but I’m not sure what loan I would need in order to finance it. The building contains two businesses on the ground floor and two apartments above those. I’m under the impression that I may need a commercial loan due to the nature of the building but I feel like the best route may be to find a private money lender to fund something like this. Is there any possibility of me obtaining more of a conventional loan to finance? Any input would be appreciated. Thanks in advance! Also, I know location says Cleveland but I’m actually about an hour East.