Buying a Bed & Breakfast: what type of loan?

Buying a Bed & Breakfast: what type of loan?

San Francisco, CA · Member since 2014 · 161 posts · 26 votes

Do I need a residential or commercial loan to buy a bed and breakfast? Are there some lenders you would recommend?

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  • Real Estate Agent/Investor · Peoria, AZ · Member since 2016 · 2k+ posts · 2k+ votes
    8y

    Is the building already zoned for commercial? Is it mixed-use? In most counties, you cannot operate a commercial business out of a private residence if the property is zoned for residential only. Once you figure out zoning, you should be able to figure out what kind of loan you need. 

    BTW, you never stated where the property is located so you may have a hard time getting recommendations on a lender.

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