Two 4plex units or is it 8 unit

[Maurice Ilao]

Hey everyone, 

I was presented a property that has two 4 plex’s on one lot. Would that be considered an 8 unit and would I be eligible for a commercial loan rather than a traditional mortgage loan? If so, then I would have to calculate the value of the property based on its current numbers rather than comps, correct? 

I currently dealt with single families and a duplex, I’m trying to learn more about  multi families, so any information you can add would be appreciated.