What kind of loans for 4plex or 6plex+ ?

[Chingju Hu]

Hi, BP, Not sure if this question is over-posted: for my next rental property I'm looking for 4plex or more units, and I'm wondering if it's the same as getting a loan for single family investment property? I heard that when it's more than 4 units, it's harder to get loan from traditional bank? Thanks

[Chris Mason]

Hi @Chingju Hu,

5+ units is commercial, no longer in the world where [ 30YF + good interest rate ] financing exists. Typically ARMs at higher rates. 

1-4 units is residential lending.