Historic event venue questions

[Matthew Joyner]

Good morning everyone, my wife and I have recently found an opportunity to purchase a home that has been retrofitted to operate as an event venue for the last 20 years. Being as it is an established business would we be required to use a commercial real estate loan, or since it is a home, could we use a traditional mortgage even if we intend to use the home as a venue? This might be a no brainer, but I felt the realtor pushed us towards commercial without discussing any other options and google hasn’t been as helpful as I’d hoped. Also is it uncommon for commercial loans to be approved with only 10% down? Thank you for your time.